Reform Party leader George Farage has been accused of a conflict of interest after receiving a £5 million grant to push for a crypto tax cut proposal.

Nigel Farage, leader of the UK's Reform Party, has been accused of a conflict of interest by the opposition. He received a £5 million personal donation from crypto investor Christopher Harborne in 2024. Subsequently, in May 2025, the Reform Party proposed a draft bill to regulate the crypto industry, aiming to reduce the stamp duty on crypto transactions from 24% to 10%, establish a national Bitcoin reserve, and lower capital gains tax on crypto assets. Farage has admitted to receiving the donation, while the Reform Party maintains that policy-making is unrelated to the donor. Furthermore, Harborne donated another £12 million to the party last year, and crypto businessman Ben Delo donated £4 million this year. Farage currently faces charges of violating House of Commons rules, which could result in suspension from his seat and trigger a by-election. (Financial Times)