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Crypto investor gives Reform UK record $12M in election donation

Cointelegraph
Crypto investor Christopher Harborne made a record $12 million donation to the UK political party Reform UK.

Summary

Early crypto investor Christopher Harborne has given a record 9 million British pounds (approximately $12 million) to the UK political party Reform UK, marking the largest single political gift ever made by a living person in Britain. Harborne, a British national based in Thailand, has previously supported UK political campaigns, including the Conservatives and the Brexit Party (now Reform UK).

This substantial donation occurs as the UK government is considering banning crypto contributions to political parties under a proposed Elections Bill. Harborne is known for his crypto investments, holding nearly a 13% stake in Tether, the company behind the USDT stablecoin, linked to compensation from a 2016 Bitfinex hack. He previously sued The Wall Street Journal over an article that accused him of involvement in illegal activities at Tether and Bitfinex, which he denied.

Reform UK is currently leading in national opinion polls at around 27%, significantly ahead of the Labour and Conservative parties.

(Source:Cointelegraph)