Reform UK received 75% of Q2 donations from BitMEX co-founder

BitMEX co-founder Ben Delo supplied £4 million, or 75%, of Reform UK’s second-quarter donations, Electoral Commission records show.

• BitMEX co-founder Ben Delo donated £4 million, representing 75% of Reform UK's second-quarter funding, highlighting significant contributions from the digital asset industry.
• The article discusses scrutiny over these crypto-linked donations, including potential regulatory changes regarding overseas donors and past investigations into Nigel Farage's financial dealings.
• It also touches upon Delo's pardon by President Trump in March 2025 for past BitMEX-related violations, adding a layer of complexity to the political funding narrative.

Topics: Political endorsements opposition, Jurisdictions, Pro innovation policy, Established hubs

Tags: #bendelo #reformuk #bitmex #politicaldonations #ukpolitics #cryptofunding #electoralcommission #nigelfarage #christopherharborne #donaldtrump

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Nigel Farage: The secretive crypto firm backed by Reform's biggest donor

Tether is a giant in crytocurrency, an industry that Nigel Farage believes the UK should be embracing.

• The article investigates the financial ties between Nigel Farage's Reform party, its largest donor Christopher Harborne, and the cryptocurrency firm Tether, which issues the USDT stablecoin.
• It highlights concerns about potential lobbying for favorable stablecoin regulation in the UK, given Harborne's significant stake in Tether and his substantial donations to the Reform party.
• The piece questions the potential for conflicts of interest and a 'race to the bottom' in regulatory standards for stablecoins, especially in light of recent policy shifts and Farage's advocacy for embracing the crypto industry.

Topics: Legal regulatory, Institutional adoption, Political endorsements opposition, Securities law classification, Banking depository pilots, Pro innovation government policy, Legislative debates

Tags: #tether #usdt #nigelfarage #reformparty #christopherharborne #stablecoinregulation #bankofengland #lobbying #cryptocurrency #financialregulation

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Nigel Farage failed to declare funding from crypto gambling figure convicted of fraud: Sunday Times

Farage already faces a parliamentary standards investigation over an undisclosed £5 million gift from Tether stakeholder Christopher Harborne.

• Nigel Farage allegedly received undisclosed financial support, including security and staff, from convicted fraudster George Cottrell, who is linked to the crypto gambling platform Tether.bet.
• This support, provided before Farage's election, may have violated MPs' disclosure rules, as only a trip and flight donation were declared.
• Farage is already under investigation for an undisclosed £5 million gift from a Tether stakeholder, and his pro-crypto stance has drawn separate market abuse concerns.

Topics: Legal regulatory, Institutional adoption, Blockchain usage, Licensing issuer obligations, Onboarding prime brokerage, Ethereum evm l 1 s

Tags: #nigelfarage #georgecottrell #tetherbet #cryptogambling #undisclosedfunding #parliamentarystandards #tether #usdt #marketabuse #reformuk

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Bailey Defends BOE Gilt Sales After Criticism From Farage

Governor Andrew Bailey defended the Bank of England's buying and selling of UK government bonds following criticism of the policy. Bailey said the BOE's quantitative easing program was "broadly neutral" for the taxpayer and provided crucial help for the economy following the global financial crisis and Covid pandemic. The BOE is actively selling gilts, which tightens monetary policy in the UK, and Bailey said the BOE shouldn't pause these sales as it puts itself in a stronger position to buy assets again in the future.

• Bank of England Governor Andrew Bailey defended the central bank's sale of UK government bonds (gilts) against criticism, particularly from Nigel Farage.
• Bailey argued that the BOE's quantitative easing and tightening programs have been 'broadly neutral' for taxpayers and provided essential economic support.
• The BOE is actively selling gilts to tighten monetary policy and strengthen its position for future asset purchases, despite concerns about inflation and tepid demand.

Topics: Public debt, Legal regulatory, Tokenized us treasuries, Global sovereign bond tokenization, Enforcement actions litigation

Tags: #bankofengland #andrewbailey #ukgovernmentbonds #gilts #quantitativeeasing #quantitativetightening #monetarypolicy #inflation #interestrates #nigelfarage

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