Nigel Farage’s Reform UK has received a combined £72 million ($97 million) from two cryptocurrency billionaires marking the largest political funding boost in the party’s history and one of the biggest in British political history.
BitMEX Co-Founder, Ben Delo, donated £36 million followed a day later by an identical contribution from crypto investor, Christopher Harborne. The two donations make Reform UK the beneficiary of the largest combined political contribution in the UK, according to Reuters.
The money gives Farage’s party a major financial advantage as it prepares for the next general election, expected by 2029. Reform has said the funds will help expand its campaign operation and compete with Britain’s larger established parties.
According to Harborne:
“What do I expect in return for my donations? Nothing. No peerage, no policy change, just a party that is ready for government.”
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In response to the donation, Farage said:
“I am honoured and humbled that Ben Delo and Christopher Harborne have shown such confidence in Reform. Both men know that we are the only party that can turn the country around and win the next general election. Thanks to their generosity, we are now able to fight that election on a level playing field.”
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Reform has said that, if elected, it would seek to boost crypto adoption by cutting capital gains tax on digital assets and establishing a bitcoin reserve fund at the Bank of England.
The donations also put renewed focus on the growing influence of cryptocurrency wealth in British politics, as lawmakers and campaign groups call for tighter limits on political donations.
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