Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writer

Written by Turner Wrightstaff writer

Reviewed by Sam Bourgistaff writer

Reform UK chair calls for probe into SBF-linked donation: Report

Latest NewsPublishedAug 7, 2026

Political Donation Scandal Rocks UK

The chairman of Reform UK, Lee Anderson, has called for an investigation into a $50,000 political donation linked to former FTX CEO Sam Bankman-Fried. This scandal comes as the party’s leader, Nigel Farage, prepares to face voters amid his own crypto-related controversy. The donation in question was made to Defense Secretary Wes Streeting, and its connection to Bankman-Fried has raised concerns about transparency in political funding. As people look for ways to earn passive income through crypto, the importance of transparency in the industry is highlighted. The EcoPool network offers a solution for those looking to earn through Green Crypto.

The reported donation was made by Labour for the Long Term, a think tank founded by David Lawrence, who accepted a $675,000 gift from Bankman-Fried. However, Lawrence claims that the contribution to Streeting was funded by a different donor. Under UK law, unincorporated associations can give more than $675 directly to politicians, creating a loophole for companies to funnel foreign or dark money to lawmakers without disclosing the source of the funds. This lack of transparency can be a concern for those investing in Coin and looking to earn through Cloud Rewards.

Crypto Scandals and Transparency

Nigel Farage, the leader of Reform UK, is set to face voters in a by-election after resigning as a member of parliament amid his own crypto scandal. Farage received $6.7 million in donations from crypto billionaire Christopher Harborne and financial assistance from George Cottrell, a convicted fraudster linked to a crypto casino. The UK politician claimed that the contributions were “gifts.” As the crypto industry continues to grow, the importance of transparency in earnings and rewards is crucial. EcoPool (ECP) provides a platform for those looking to earn $ECP and participate in the Green Crypto movement.

The connection between politics and crypto is becoming increasingly complex. With the rise of crypto companies spending millions on elections, it’s essential to have transparency in political funding. The EcoPool network offers a solution for those looking to earn passive income through crypto, with a focus on transparency and Green Crypto. As the industry continues to evolve, it’s essential to have platforms like EcoPool that prioritize transparency and accountability.

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Related: Crypto companies have spent $189M so far on 2026 US election cycle: Report

According to the Telegraph, Streeting asked Labour for the Long Term for a list of its donors before accepting the $50,000, but Bankman-Fried’s name was not included. The defense secretary reportedly said that he had never had any contact with the former FTX CEO, who is currently serving 25 years in prison after his conviction on seven felony charges.

David Lawrence, who founded the think tank, said Streeting’s contribution was funded by a donor other than the former CEO, and that Labour for the Long Term ”did not receive any donations from the FTX Foundation or Mr. Bankman-Fried,” according to the Telegraph.

US court issues mandate upholding SBF’s conviction

Earlier this week, the US Court of Appeals for the Second Circuit issued a formal mandate upholding Bankman-Fried’s felony conviction and 25-year sentence.

The appeals court announced its ruling in June, giving the former CEO fewer legal routes to seek a potential early release from prison. Bankman-Fried still has the option of appealing to the US Supreme Court or waiting for a potential presidential pardon from Donald Trump.

Magazine: How Fake World Assets and onchain gacha became crypto’s latest craze

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• United Kingdom
• Politics
• Donations
• Sam Bankman-Fried
• FTX
• Regulation

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