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.
The investigation into Nigel Farage may lead to increased scrutiny on political connections to crypto assets, potentially causing short-term bearish sentiment in the crypto market. However, if Reform UK successfully defends the gift's legitimacy, it could stabilize prices.
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.
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