Leader of the UK Reform Party accused of conflict of interest after receiving a £5 million personal donation from a crypto investor and subsequently advocating for industry tax cuts

Foresight News reported, citing the Financial Times, that Reform Party leader Nigel Farage has been accused by opposition parties of having a "conflict of interest." In 2024, Farage received a personal donation of £5 million from Christopher Harborne, a crypto investor residing in Thailand. Following this, the Reform Party proposed a crypto industry regulatory bill in May 2025, promising to lower the crypto trading stamp duty from 24% to 10%, as well as proposing the establishment of a national Bitcoin reserve and a reduction in capital gains tax on crypto assets. Farage admitted on Wednesday to receiving the said donation, while the Reform Party insists that its policy-making is unrelated to the donor. Harborne also donated £12 million to the Reform Party last year; crypto entrepreneur Ben Delo also donated £4 million to the party this year. Farage is currently facing accusations of violating House of Commons rules, with the most serious outcome possibly resulting in his suspension as an MP and a by-election being triggered.