Using donations to buy Ferrari? UK Reform Party leader says Tether shareholder's $6.7 million donation is an 'unconditional gift' According to BlockBeats, on June 24th, Reform UK leader Nigel Farage responded to his acceptance of a £ 5 million (approximately $6.7 million) gift from Tether shareholder Christopher Harborne, stating that the funds were an "unconditional gift" and that how they were used was entirely a personal matter. "If I want, I can use them to buy a Ferrari," he said. Currently, the UK Parliamentary Standards Commissioner is investigating whether Farage should declare this gift after being elected as a Member of Parliament in 2024. According to regulations, newly elected legislators are usually required to declare high-value gifts received in the previous year. Harborne is a British Thai businessman who holds approximately 12% of the shares of Tether, the issuer of the stablecoin USDT, and is also one of the main funders of the UK Reform Party. Faced with doubts from the outside world that the gift may affect its support for cryptocurrency, Farage denied it, stating that he has long supported the development of the cryptocurrency industry and advocated for the establishment of a UK Bitcoin reserve and the reduction of capital gains tax on digital assets. It is worth noting that the personal gift and the political donation provided by Harborne to the Reform Party are independent of each other and have not been paid in cryptocurrency. [Original link]