UK Reform Party leader cuts back media activity amid investigation into £5 million cryptocurrency donor gift

Odaily reported that UK Reform Party leader Nigel Farage has scaled back his public media appearances in recent weeks, as he faces a parliamentary investigation into his failure to declare a £5 million (approximately $6.4 million) donation from cryptocurrency billionaire Christopher Harborne before the 2024 general election.

Data shows that Nigel Farage held 20 press conferences in the first four months of this year, but only one in May after the undeclared donation was exposed on April 29. Critics point out that the Reform Party announced several crypto-friendly policies after the election, including plans to cut the capital gains tax rate on crypto assets from 24% to 10% and to establish a national Bitcoin reserve at the Bank of England. After the UK Parliamentary Commissioner for Standards announced an investigation into the matter, the Reform Party removed the digital finance draft document from its website at the end of May. (FT)