British politician Farage resigns as MP amid crypto donation investigation and runs in by-election to contest seat

Odaily Planet Daily News British politician Nigel Farage has announced his resignation as MP for the Clacton constituency and will run in the by-election to reclaim his seat, stating that the move is intended to challenge the political establishment. Farage is currently under investigation by the Parliamentary Commissioner for Standards, with the core controversy revolving around a large political donation that was not properly declared. Shortly before the 2024 general election, he received a £5 million contribution from Christopher Harborne, a crypto investor based in Thailand, who also holds a partial stake in the stablecoin Tether. Persistent public scrutiny has focused on whether this crypto-linked funds have fulfilled parliamentary declaration obligations. Under the pressure of the investigation, Farage chose to resign and run again, and the incident has also sparked ongoing discussions in the market about the regulatory implications of crypto capital's involvement in European and American politics. (Bloomberg)