UK Reform Party leader Farage accused of conflict of interest, pushing crypto tax cuts after receiving £5 million donation

Odaily Planet Daily News: UK Reform Party leader Nigel Farage has been accused of conflict of interest by the opposition. He received a £5 million personal donation from crypto investor Christopher Harborne in 2024. Subsequently, in May 2025, the Reform Party proposed a draft regulatory framework for the crypto industry, aiming to reduce the stamp duty on crypto transactions from 24% to 10%, and proposed establishing a national Bitcoin reserve and lowering capital gains tax on crypto assets. Farage has acknowledged receiving the donation. The Reform Party stated that policy formulation is unrelated to donors. Additionally, Harborne donated another £12 million to the party last year, and crypto businessman Ben Delo donated £4 million this year. Farage now faces allegations of breaching House of Commons rules. In severe cases, he could face suspension as an MP, triggering a by-election. (Financial Times)