Farage, Harborne and the £5M Gift: How UK Crypto Money Reshaped Reform

In UK crypto news today, Christopher Harborne, a stakeholder in Tether and Bitfinex, has become the subject of dual regulatory scrutiny in the UK after directing roughly £30M into British politics, including an undeclared £5M personal gift to Nigel Farage ahead of the 2024 general election, making him the largest single donor in UK political history.

Both the Parliamentary Commissioner for Standards and the Electoral Commission have opened formal investigations, while a separate referral accuses Farage of using his parliamentary platform to lobby against a digital pound that would compete directly with Harborne’s crypto interests.

The £5M gift, received before Farage entered Parliament and not declared as required under Rule 5 of the MPs’ Code of Conduct, sits on top of more than £25M Harborne has donated directly to Reform UK and its predecessors since 2019, according to Al Jazeera’s reporting. Those donations account for roughly two-thirds of all funding Reform UK has received since its founding.

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