
A report links Farage's campaign support to a crypto adviser with a US wire fraud conviction, adding to inquiries over £5M from a Tether stakeholder. The standards commissioner's rulings could shape UK crypto policy.
Nigel Farage faces fresh questions over undisclosed gifts after a report linked his campaign support to a crypto entrepreneur convicted of wire fraud in the United States.
The Sunday Times reported that Farage received staff, security, transport and accommodation from longtime adviser George Cottrell, an aristocrat with ties to the crypto gambling platform Tether.bet. The support included drivers, security personnel, social media staff and access to a rented five-story property near Buckingham Palace, the newspaper said.
Farage said he “followed the rules” because the benefits were received before he entered Parliament in the July 2024 general election. He called The Sunday Times report a “hit job.”
The newspaper reported that Farage declared only one benefit connected to Cottrell after becoming a member of Parliament: travel, accommodation and security worth less than £9,300 ($12,400) for attending an event in Belgium. A Reform UK source said Farage generally stayed at his own home and did not routinely use the rented property.
Cottrell was arrested in 2016 on 21 charges linked to a money-laundering scheme, later pleading guilty to a single wire fraud charge under a plea agreement. He served eight months in prison. His connection to Tether.bet, a platform that used Tether for bets, adds a crypto-specific dimension to the scandal.
The latest allegations pile onto two existing inquiries by Parliamentary Commissioner for Standards Daniel Greenberg. One investigation examines whether Farage should have declared a £5 million ($6.7 million) personal payment from crypto billionaire Christopher Harborne, who owns a stake in stablecoin issuer Tether. The other inquiry looks at whether Farage breached lobbying rules after meeting Bank of England Governor Andrew Bailey to discuss cryptocurrency policy. The Bank said the meeting was routine and noted that Bailey and Farage disagreed on the digital pound.
Labour MP Phil Brickell, who raised the lobbying complaint, alleged that Farage publicly opposed a UK central bank digital currency and later claimed credit for softening the Bank’s position on stablecoins. A separate report linked a £1.4 million property purchase by Farage to the Harborne payment. Reform UK has denied wrongdoing and said the payment complied with legal advice.
Farage remains one of the country’s most vocal cryptocurrency supporters. Reform UK has proposed making Britain a global crypto hub, backing lower taxes on crypto gains, supporting a strategic Bitcoin reserve, and accepting Bitcoin donations – a first for any UK political party.
UK parliamentary rules require MPs to register any benefit worth more than £300 within 28 days. Farage’s argument that pre-election support falls outside those rules creates a legal grey area the commissioner must resolve. The commissioner has not set a timeline for either inquiry. Any finding that the rules were broken could undercut Reform UK’s pro-crypto platform and embolden critics who question the influence of digital asset money in British politics.
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