UK Reform Party leader Farage accused of conflict of interest, pushed for crypto tax cut proposal after receiving £5 million in grants

Odaily news: UK Reform Party leader Nigel Farage has been accused by the opposition of a conflict of interest. He received a £5 million personal grant from crypto investor Christopher Harborne in 2024. Subsequently, in May 2025, the Reform Party proposed a draft regulation 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 the capital gains tax on crypto assets. Farage has acknowledged receiving the aforementioned grant, and the Reform Party stated that policy-making is independent from donors. Additionally, Harborne donated another £12 million to the party last year, and crypto businessman Ben Delo also donated £4 million this year. Farage is currently facing allegations of violating House of Commons rules, and in severe cases could be suspended as an MP, triggering a by-election. (Financial Times)