UK Reform Leader Farage Faces Conflict-of-Interest Probe After Receiving 5M Pounds, Party Proposed 24% to 10% Crypto Tax Cut

According to ChainCatcher, UK Reform Party leader Nigel Farage is facing conflict-of-interest allegations after receiving a 5 million pound personal donation from crypto investor Christopher Harborne in 2024. Following the donation, the party proposed regulatory changes in 2025 that would reduce crypto trading stamp duty from 24% to 10%, establish a national Bitcoin reserve, and lower capital gains tax on crypto assets.

Farage has acknowledged accepting the donation, while the Reform Party stated that policy decisions are independent of donors. Harborne also donated 12 million pounds to the party last year, and crypto entrepreneur Ben Delo contributed 4 million pounds this year. Farage currently faces potential violations of House of Commons rules, which could result in suspension of his parliamentary seat and trigger a by-election.