Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editor
Written by Jesse Coghlanstaff editor
Reviewed by Felix Ngstaff editor
Crypto billionaires bankroll Nigel Farage’s pro-crypto party
Latest NewsPublishedJun 5, 2026
Crypto Donations Fuel Nigel Farage’s Pro-Crypto Party
The world of cryptocurrency is making its presence known in the realm of politics, with two crypto billionaires donating a total of $9.4 million to Nigel Farage’s Reform UK party in the first quarter. This significant influx of funds has propelled Reform UK to the top of the list in terms of fundraising, surpassing all other political parties. The donations, made by Tether-linked billionaire Christopher Harborne and BitMEX co-founder Ben Delo, highlight the growing influence of the crypto industry on politics.
Reform UK has positioned itself as a pro-crypto party, accepting donations in Bitcoin and proposing tax cuts on crypto gains. The party’s leader, Nigel Farage, has also suggested that the Bank of England create a Bitcoin reserve. These moves demonstrate the party’s commitment to supporting the crypto community and fostering a favorable environment for its growth. As the crypto industry continues to expand, its impact on politics is becoming increasingly evident, with crypto-backed PACs spending millions to support candidates in the US.
Crypto Industry’s Growing Influence
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Harborne had separately given Farage a $6.7 million personal gift, which is facing a probe by a parliamentary standards inquiry as to whether it should have been registered.
Related: UK politician Nigel Farage bought $1.8M house after $6.7M crypto gift
Farage has said he didn’t need to declare the money as it was given before he was a member of parliament and was used to pay for personal security. He later claimed the gift was for successfully campaigning for the UK to leave the EU.
Reform’s fundraising in the first quarter has increased sixfold compared to the same time last year, when it received $2 million.
The total funding across all parties for the quarter had also more than doubled compared with a year ago.
Magazine: Guide to the top and emerging global crypto hubs: Mid-2026
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.
- Politics
- Donations
- United Kingdom
- Industry
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