£72M Crypto Donation Fuels Reform UK's Rise
Reform UK, the anti-immigration party led by Brexit campaigner Nigel Farage, received a record-breaking donation of £72 million from two cryptocurrency billionaires this weekend.
The funds came from Ben Delo, co-founder of BitMEX, and Christopher Harborne, another prominent crypto investor. Delo's donation was initially reported to be £36 million, but Harborne promptly matched it, bringing the total to a staggering £72 million.
This massive influx of cash has sparked concerns about money in British politics and the influence of wealthy donors on election outcomes.
The Liberal Democrats have called for Prime Minister Andy Burnham to cap donations and protect democracy from 'buying power.'
Reform UK's surge in public opinion polls is largely attributed to its criticism of successive governments' failure to stop migrant inflows and its campaign to make asylum claims more difficult.