Nigel Farage resigns as MP amid crypto donor gifts controversy

The post Nigel Farage resigns as MP amid crypto donor gifts controversy appeared on BitcoinEthereumNews.com. Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked to crypto figures Christopher Harborne and George Cottrell. The controversy comes as crypto-related political funding faces growing scrutiny in both the UK and the US. According to statements Farage made during an X livestream on Tuesday, the Reform UK leader stepped down as the MP for Clacton so local voters could decide whether he should continue representing the constituency while parliamentary investigations into his financial declarations continue. Farage said he had “done nothing wrong

The post Farage quits as Clacton MP over crypto-linked gifts, forces by-election appeared on BitcoinEthereumNews.com. Nigel Farage has resigned as the member of parliament for Clacton-on-Sea on Tuesday, saying that he will contest the by-election his own departure creates, a gamble that pauses two parliamentary standards inquiries into undeclared financial support from crypto backers. The Reform UK leader announced the decision on his YouTube channel, casting the coming contest as a fight with his opponents. “This will be a people versus the establishment by-election,” he said, adding that “the people of Clacton should be the judges of my actions.” He denied breaking any rule, saying, “I have done nothing wrong. I have not broken the law in any way at all.” Farage told reporters that he had followed parliamentary rules on good legal advice. Are the two inquiries on Farage tied to crypto money? Farage was already being examined by the Parliamentary Commissioner for Standards over a pers

The post Nigel Farage Resigns as MP Amid Crypto ‘Gift’ Scandal, Will Stand in By-Election appeared on BitcoinEthereumNews.com. Nigel Farage, the leader of the UK’s Reform party, announced that he would resign as a member of Parliament and stand in the by-election that could replace him. On Tuesday, Farage announced that he would resign as MP representing Clacton in response to what he called “foul means” by established politicians. The UK lawmaker’s resignation followed reports that he had personally received millions of dollars’ worth of donations and gifts from crypto billionaire Christopher Harborne and George Cottrell, a convicted fraudster linked to a crypto casino. “Let me be absolutely clear: I have done nothing wrong,” said Farage in an X livestream. “I have not broken the law in any way at all. I have not misused public money.”  Source: Nigel Farage Farage already had ties to the crypto industry before reports of the scandal. He spoke at the Bitcoin 2025 conference in Las Vega

The post Nigel Farage resigns as MP following multiple crypto-linked scandals appeared on BitcoinEthereumNews.com. Reform UK leader Nigel Farage has announced that he will resign as MP and force a local by-election after The Times revealed that he’d failed to declare financial support from long-term aide and convicted criminal George Cottrell. The Times‘ report details various donations and “gifts” from Cottrell to Farage that appear to be politics-related. Farage was subsequently referred to the Parliamentary Standards Commissioner. During Farage’s announcement, he claimed that the parliamentary body is “being used as a political tool” and claimed that The Times’ reporting was “wholly inaccurate.” He maintains he’s done nothing wrong and hasn’t broken the law in any way, and that he’s a victim of unfairly intense media scrutiny.  🚨 BREAKING: Nigel Farage has resigned as an MP to trigger a by-election in Clacton  “This will be a people vs the establishment by-election. A chance to sti

The Reform party leader and Brexit champion confirmed that he was the subject of probes by UK authorities following reports of what he called “gifts” from figures tied to cry pto ventures.

The post Satoshi’s Bitcoin Saved? Digital Chamber Steps In to Protest $240 Billion Court Seizure appeared on BitcoinEthereumNews.com. The Digital Chamber, a lobbying organization for the crypto industry, has filed an expert amicus brief with the New York State Supreme Court, urging the court to dismiss a lawsuit seeking to classify 3.8 million BTC as “abandoned property.” The reason for the lawyers’ emergency intervention was an unprecedented lawsuit filed by an anonymous claimant, identified in court documents under the judicial pseudonym Noah Doe, who is trying to use New York’s 1958 lost-property law, Personal Property Law Article 7-B, to obtain rights to 39,069 inactive crypto wallets. Table of contents of Digital Chamber’s second amicus brief to NY Supreme Court, Source: Unified State Court System The list also includes addresses linked to Bitcoin creator Satoshi Nakamoto, while the total value of the Bitcoin at risk is estimated at $240 billion. Ripple Exec: Washington Can’t Igno

U.S. President Donald Trump said on Monday that the United States has no choice but to lead the crypto industry, warning that China would take the lead if America stepped back. “ Crypto is the same thing,” Trump remarked, referring to comparisons with artificial intelligence. “If we didn’t do it, China would do it. It’s […]

Reform UK leader Nigel Farage reportedly faces formal parliamentary standards complaints following a report alleging he failed to declare significant financial support from a convicted crypto gambling entrepreneur. Secret Funding Allegations Reform UK party leader Nigel Farage faces formal complaints to a parliamentary standards watchdog following media disclosures alleging he failed to declare extensive financial […]