Nigel Farage resigns as MP to recontest amid crypto donation probe

Farage's uncertain by-election prospects highlight the potential impact of financial scrutiny on political careers and voter trust. The post Nigel Farage faces voter backlash in Clacton by-election amid financial probe appeared first on Crypto Briefing.

Farage's strategic resignation may bolster his political influence, as major parties' non-participation suggests his strong local support. The post Nigel Farage resigns from parliament, plans to run again in by-election appeared first on Crypto Briefing.

Farage's resignation and financial scrutiny could weaken his political influence, while opposition unites tactically, impacting Reform UK's future. The post Farage resigns as MP, faces by-election amid financial probe appeared first on Crypto Briefing.

The post Bankers Filed Suspicious Activity Report Over Farage’s £5M Gift From Tether Billionaire appeared on BitcoinEthereumNews.com. In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK’s National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage’s £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK’s National Crime Agency by bankers, the Guardian has reported. The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the f

The post British Pound: Sterling supported as yields retrace – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farage’s decision to resign and recontest his Clacton seat, calling the by‑election a sham with potential further votes if he is sanctioned. He stresses that GBP volatility is more tied to incoming PM Andy Burnham’s economic stance, with lower 10‑year Gilt yields, contained fiscal worries and weaker UK inflation supporting the Pound as a top G10 performer. Politics, yields and Pound performance “Finally, there has also been limited changes to implied vol level in GBP/USD on the back of the announcement from Nigel Farage that he will stand down as MP for Clacton but then contest the same seat in the by-election. This was to protest the investigations by the parliamentary standards committee into his finances on concerns he breached parliamentary rules.” “This will result in the investigat

Farage's strategic resignation and by-election call may bolster his political standing, despite ongoing investigations into his finances. The post Nigel Farage resigns as MP to trigger Clacton by-election amid investigations appeared first on Crypto Briefing.

The post Pro-Crypto Nigel Farage Quits MP Seat and Vows By-Election Fight Following Controversy Over Latest Donation appeared on BitcoinEthereumNews.com. Key Takeaways Nigel Farage resigned as Clacton MP, triggering a 2026 by-election amid standard probe allegations. Reform UK received a $6.7 million pound gift from Harborne, highlighting crypto influence on UK politics. Reform UK will pay the $334,150 cost for the election as Farage vows to contest the Clacton seat. Preempting the Watchdog Nigel Farage, leader of Reform UK and a prominent opposition figure, has resigned his seat as the Member of Parliament for Clacton, triggering a high-stakes by-election. The sudden move follows intensifying scrutiny over his personal finances, including allegations that he accepted undeclared funding and benefits from a convicted crypto entrepreneur. Political opponents and critics quickly accused the populist leader of pulling a “desperate stunt” to preempt a mounting parliamentary standards invest

Reform UK leader Nigel Farage has resigned his seat as MP for Clacton, triggering a local by-election that he immediately intends to contest. Preempting the Watchdog Nigel Farage, leader of Reform UK and a prominent opposition figure, has resigned his seat as the Member of Parliament for Clacton, triggering a high-stakes by-election. The sudden move […]