- UK Reform leader Nigel Farage faces a parliamentary investigation into failing to register millions in crypto-linked donations.
- The probe, paused after Farage’s July resignation, resumed following his by-election win on Thursday with 63% of the vote.
- Labour lawmakers are reportedly pushing to make a moratorium on crypto donations permanent amid the scandal.
UK Reform leader Nigel Farage is facing a revived parliamentary investigation for failing to register financial interests, after winning a by-election on Thursday where no major party candidates participated. As of Friday, the UK Parliamentary Commissioner for Standards website showed Farage under investigation for “failure to register an interest” related to millions in donations and gifts from two figures tied to the crypto industry.
The probe had been halted in July when Farage resigned as a member of Parliament but resumed following his reelection as Clacton’s MP. The commission will investigate cryptocurrency billionaire Christopher Harborne, who gave Farage $6.7 million, and a convicted fraudster tied to a crypto casino, George Cottrell, who funded Farage’s staff and security.
A violation of parliamentary rules could trigger a suspension and another by-election. Farage initially called Cottrell’s donation a “reward” for campaigning for Brexit and later described both men’s contributions as “gifts” given “on an unconditional basis.”
The by-election saw Farage winning 63% of the vote, defeating satirical candidate Count Binface, with then-Labour leader Keir Starmer calling the race a “desperate stunt.” Meanwhile, Labour lawmakers reportedly proposed making a moratorium on crypto donations permanent, citing concerns over foreign influence and loopholes allowing unincorporated associations to give more than $675 directly to UK politicians.
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