Crypto Billionaires Donate $97 Million to UK Political Party

VERA Brief

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Two cryptocurrency billionaires have donated nearly $97 million to Nigel Farage's Reform UK party. These contributions significantly exceed the total raised by other UK parties last year and come as the House of Lords reviews a bill that could restrict such donations.

Key facts

• Ben Delo and Christopher Harborne each donated £36 million to Reform UK.
• The total donations from Delo and Harborne surpassed the combined total raised by all UK parties last year.
• The House of Lords is reviewing a bill that could prohibit cryptocurrency donations.
• The proposed bill could also limit overseas contributions to £100,000 annually.