Christopher Harborne, a stakeholder in Tether and Bitfinex, has directed roughly £30M into British politics, including an undeclared £5M personal gift to Nigel Farage ahead of the 2024 general election, making him the largest single donor in UK political history. The Parliamentary Commissioner for Standards and the Electoral Commission have opened formal investigations, with Farage accused of failing to declare the donation under Rule 5 of the MPs’ Code of Conduct. Concerns are also mounting over a potential conflict of interest, as Farage allegedly used his parliamentary platform to lobby against a digital pound that would compete with Harborne’s private stablecoin interests. Harborne holds approximately 12% economic interest in Tether, the stablecoin issuer generating around $10Bn in annual profit on roughly $184Bn in USDT in circulation. Harborne has donated over £25M to Reform UK since 2019, accounting for roughly two-thirds of the party’s total funding.
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