UK parliament to probe Nigel Farage’s $6.8 million donation from crypto billionaire
Summary
Reform UK leader Nigel Farage is under formal investigation by the UK parliamentary standards watchdog for failing to register a 5 million-pound ($6.8 million) donation from crypto billionaire Christopher Harborne. The funds were received shortly before the 2024 general election, with rules requiring MPs to disclose financial interests from the preceding 12 months. Farage contends the gift was for personal security and exempt from declaration, while critics argue it violated parliamentary conduct codes. If found guilty, Farage faces potential suspension and a mandatory by-election for his seat.
(Source:CoinDesk)