
"The Parliamentary Commissioner for Standards is examining whether Farage failed to declare the payment from Christopher Harborne, a Thailand-based businessman and major donor to right-wing causes. Under Commons rules, new members of Parliament must register any financial interests or benefits exceeding roughly $380 received in the 12 months prior to their election. Farage, who was elected to Parliament in July 2024, has denied any wrongdoing."
"Farage maintains the money was a personal, unconditional gift provided in early 2024 before he decided to stand for office. Mr. Farage's office is in communications with the Parliamentary Commissioner for Standards, a Reform UK spokesperson said. He has always been clear that no rules were broken. We look forward to this being put to bed once and for all."
"The U.K. Commons code of conduct exempts purely personal gifts from family or standard commercial loans, it specifies that MPs must consider the motive of the giver and the use to which the gift is to be put. The rules state that if there is any doubt, the benefit should be registered. Opponents from both the Conservative and Labor parties have called for transparency."
"Nigel Farage needs to explain how he got it, why he got it, and why he didn't declare it, a Conservative Party spokesperson said, noting the sum is more than most people will earn in a lifetime. The investigation comes amid rising industry scrutiny for Reform UK following a 2025 U.K. ban on crypto political donations."
The Parliamentary Commissioner for Standards is investigating Nigel Farage regarding a $6.3 million gift from Christopher Harborne, a Thailand-based cryptocurrency investor and donor to right-wing causes. The inquiry focuses on whether Farage failed to declare the payment under House of Commons transparency rules. MPs must register financial interests or benefits above roughly $380 received in the 12 months before election. Farage denies wrongdoing, saying the gift was personal and unconditional, provided in early 2024 before he decided to stand for office. Commons rules exempt purely personal gifts but require MPs to consider the giver’s motive and the gift’s intended use, and to register if there is any doubt. Opponents demand full transparency and explanation of receipt and non-declaration.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]