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

Odaily Planet Daily News UK Reform Party leader Nigel Farage has been accused of a conflict of interest by the opposition. In 2024, he received a personal donation of £5 million from crypto investor Christopher Harborne. 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%, establish a national Bitcoin reserve, and lower the capital gains tax on crypto assets. Farage has acknowledged receiving the donation, while the Reform Party stated that policy-making is independent of 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 violating House of Commons rules, and in serious cases, could face suspension from Parliament, potentially triggering a by-election. (Financial Times)