BitMEX co-founder donates $5 million to Nigel Farage’s Reform UK party

Delo did not specify whether he made the donation in fiat currency or crypto, but he expressed support for a proposed U.K. government moratorium on political donations made in cryptoassets What to know : Ben Delo, co-founder of crypto exchange BitMEX, said he donated 4 million pounds ($5.1 million) to Nigel Farage’s Reform UK party. Delo backed a proposed U.K. moratorium on political donations made in cryptoassets, even as current Electoral Commission guidance allows such donations if they are valued in pounds and donors are properly verified. The U.K. government announced an immediate moratorium on crypto donations to political parties as part of a broader crackdown on foreign interference, while Reform UK has also recently received a £9 million donation from crypto investor Christopher Harborne.