US EditionLib Dems Urge FCA Probe Into Farage’s Bitcoin Promotion
The party says Farage’s role in a £2 million Bitcoin deal could amount to market abuse and a conflict of interest.
- Reform UK leader Nigel Farage announced a £2M Bitcoin purchase for Stack BTC on Monday, becoming the first sitting MP to publicly buy the cryptocurrency.
- Former Chancellor Kwasi Kwarteng, who served 38 days under Prime Minister Liz Truss, chairs Stack and appeared alongside Farage in a promotional video for the investment.
- Farage owns 6.3% of Stack through his investment vehicle Thorn In The Side Ltd, having invested £215,000 in March, and received £226,200 for promotional work from Direct Bullion.
- Liberal Democrats deputy leader Daisy Cooper called for Financial Conduct Authority investigation into potential "attempted market abuse," while Labour Party chair Anna Turley criticized Farage for "hyping up" Kwarteng.
- Prime Minister Keir Starmer pledged to ban cryptocurrency donations to political parties, while the Financial Conduct Authority stated it will review the Liberal Democrats' letter regarding the investment.
14 Articles
14 Articles
The Independent
The Independent (US)Farage makes £2m bitcoin purchase as he backs Kwarteng’s cryptocurrency firm
Stack BTC said the purchase was a ‘landmark moment’ in British politics
Nigel Farage led a US$2.5 million purchase of Bitcoin through Stack BTC Plc, in a movement that makes him the first British deputy in office and party leader to publicly participate in such an operation. The decision mixes politics, corporate strategy and crypted market at a sensitive time for the United Kingdom. *** Nigel Farage led a purchase of BTC for GBP £2 million, equivalent to USD 2.5 million, through Stack BTC Plc. The firm expanded its…
Nigel Farage makes £2 million Bitcoin purchase as UK MP
🚨 Nigel Farage buys £2 million of Bitcoin as a sitting UK MP. Stack BTC now holds 68.19 BTC after new capital investment. Continue Reading:Nigel Farage makes £2 million Bitcoin purchase as UK MP The post Nigel Farage makes £2 million Bitcoin purchase as UK MP appeared first on COINTURK NEWS....
Nigel Farage's $2.5M Bitcoin Purchase: A Game-Changing Moment For UK Political Crypto Adoption
BitcoinWorld Nigel Farage’s $2.5M Bitcoin Purchase: A Game-Changing Moment for UK Political Crypto Adoption In a landmark move that signals shifting political attitudes toward digital assets, Reform UK leader Nigel Farage publicly purchased approximately £2 million ($2.5 million) worth of Bitcoin on April 13, 2025, according to verified reports from BeInCrypto. This transaction represents the first documented public Bitcoin acquisition by a serv…
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