White House · Tether · The Block
Nigel Farage to quit UK Parliament, seek new mandate amid probes into crypto-linked gifts
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Reform UK party leader Nigel Farage said he will resign his seat in the UK House of Commons, asking Clacton constituents to decide his political future after confirming he is the subject of two parliamentary standards investigations into crypto-linked gifts.
Key facts
- Farage was elected as Clacton MP with 46.2% of the vote in July 2024
- Scrutiny over Farage's financial ties to crypto figures has intensified since May, when reports said he had received a $6.7 million gift from Harborne, a billionaire investor with an estimated 12%
- The Reform leader said the inquiries by the UK's Parliamentary Commissioner for Standards relate to what he described as gifts given on an unconditional basis from crypto investor Christopher
- Last weekend, The Sunday Times reported that Farage also failed to declare security, staffing, and accommodation funded by Cottrell in the year before the 2024 general election, raising additional
Summary
Farage announced his decision on X, saying he would resign in response to what he described as "foul means" used by his political opponents. Farage was elected as Clacton MP with 46.2% of the vote in July 2024. The Reform leader said the inquiries by the UK's Parliamentary Commissioner for Standards relate to what he described as gifts given on an unconditional basis from crypto investor Christopher Harborne and George Cottrell, a convicted fraudster linked to offshore crypto gambling platform Tether.bet. "Let me be absolutely clear: I have done nothing wrong," Farage said during the livestream.