UK Reform Party leader Nigel Farage is facing a probe over a nearly $7 million donation he received from crypto billionaire Christopher Harborne in 2024, before he was elected as an MP.
UK Reform Party leader Nigel Farage is reportedly facing a probe over an undeclared donation from crypto billionaire Christopher Harborne that he received before becoming an MP in 2024.
Reform UK leader Nigel Farage is reportedly facing a parliamentary standards inquiry over whether he failed to declare a 5 million pound gift from crypto billionaire Christopher Harborne. The UK Parliamentary Standards Commissioner has opened an inquiry into whether Farage breached House of Commons rules by not registering the payment, the BBC Farage said he was under "no obligation" to declare the gift from the Reform party backer, which he received before he was elected to the Commons in 2024.
Critics argue he should have registered the payment after becoming a member of parliament. The Conservatives wrote to the parliamentary standards watchdog asking it to investigate the matter, according to the BBC. The Conservatives also raised the issue with the Electoral Commission, which is reportedly deciding whether to launch a formal investigation into the donation.
The inquiry adds to scrutiny of Farage’s financial ties to crypto-linked backers and businesses, as UK lawmakers and regulators pay closer attention to the role of digital asset money in politics.called on the Financial Conduct Authority to investigate whether Farage breached market rules by appearing in a promotional video for Stack BTC while holding a financial stake in the company.equity investment in the company after acquiring a 6.31% stake through his media vehicle Thorn In The Side in March. Cryptocurrency donations to political parties have come under growing scrutiny in the UK.moratorium on crypto donations to political parties until the Electoral Commission produces statutory guidance ahead of the next general election, which is due to take place by August 2029.
The committee also called for the creation of a Political Finance Enforcement Unit and for reducing the minimum declaration threshold of political donations from $14,900 to $668. It cited growing foreign-state threats and efforts to influence the UK’s positions on critical issues, including its relations with the US, the European Union and Ukraine. Editorial Policy
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Daniel Greenberg, Parliamentary Standards Commissioner, Opens Investigation into a £5million Gift from Christopher Harborne to Nigel FarageParliamentary Standards Commissioner Daniel Greenberg has opened an investigation into a £5million undeclared gift from Christopher Harborne, a Thailand-based cryptocurrency billionaire, to Nigel Farage, the Reform leader. The gift was received before Farage took over the Reform leadership and announced his intent to stand in the general election.
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