U.K.'s Farage faces standards probe over $6.7 million gift from Tether billionaire Christopher Harborne

The Conservative and Labour parties argued Nigel Farage broke Commons rules by not declaring the £5 million, but Reform UK said it was an exempt, personal, unconditional gift.\nWhat to know : Nigel Farage is under scrutiny for an undisclosed £5 million ($6.7 million) gift from crypto billionaire Christopher Harborne before his 2024 election, which Farage claims paid for security. The Conservative and Labour parties argued Farage broke Commons rules by not declaring the £5M, but Reform UK said it was an exempt, personal, unconditional gift. The controversy comes as the UK government imposed a moratorium on crypto donations to political parties, citing the risk of foreign influence.