UK Lawmaker Calls For Probe Into Nigel Farage’s Crypto Ties After $2.7M Stack BTC Promotion
A UK lawmaker, Daisy Cooper, has called on the Financial Conduct Authority (FCA) to investigate Nigel Farage, leader of Reform UK, over his promotion of and investment in the crypto treasury firm Stack BTC. Farage recently appeared in a promotional video purchasing $2.7 million in Bitcoin on behalf of the company. Cooper raised concerns about potential market abuse, conflicts of interest, and risks to ordinary investors, suggesting Farage may be using his political influence for personal and party financial gain. She also highlighted Reform UK’s acceptance of $18 million in crypto donations, including a record $12.2 million from a Tether investor. The UK government recently moved to restrict crypto political donations amid concerns over foreign financial influence.
bitcoinist04/15 11:02
