According to Decrypt, the UK Parliamentary Standards Commissioner is launching a formal investigation into Reform UK leader Nigel Farage for allegedly failing to declare a £ 5 million (approximately $6.7 million) personal grant from cryptocurrency investor Christopher Harborne. Harborne holds a 12% stake in Tether, a stablecoin issuer, and has donated approximately £ 12 million to the Reform Party, making it a major supporter of the party. Farage claims that the grant occurred before he announced his participation in the 2024 election and was mainly used to ensure his personal long-term safety, therefore he believes that there is no need to declare it. However, according to the code of conduct for the British House of Commons, newly elected members must register any registrable benefits received within the 12 months prior to the election within one month of their election. If found in violation, Farage may face punishment such as apology, suspension, or even expulsion from parliament. https://www. (wublock123.com)/news/news-61088