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🚩 Documented red flags on Nigel Farage promoting crypto at UK #UKCPAC:
Heavy dependence on crypto billionaire funding: Reform UK's largest donor, Christopher Harborne (major Tether shareholder), gave millions to the party (including a record £9m+ donation) and a previously undisclosed £5m personal gift to Farage. This has triggered parliamentary standards investigations and scrutiny over potential influence on policy.
Lobbying tied to donor interests: Farage met Bank of England Governor Andrew Bailey to push against a UK central bank digital currency ("Britcoin") and stablecoin holding caps — moves that could protect Tether/Harborne's business. He publicly claimed credit and said he'd go to prison to stop it.
Personal financial stake: Farage invested £215,000 in Stack BTC (chaired by Kwasi Kwarteng) and fronted a high-profile £2m Bitcoin purchase for the firm, drawing calls for FCA investigation into potential market abuse and conflicts.
Promotion of collapsing schemes: Farage recorded Cameo videos endorsing obscure memecoins (e.g., Stonks Finance, NIG Finance, Farage coin) that later crashed in value, giving scammers an air of legitimacy for pump-and-dump tactics.
Opaque networks and associates: Links to convicted US wire fraudster George Cottrell (crypto/gambling ties in Montenegro) and shared company addresses in crypto-friendly jurisdictions, raising questions about funding trails and "dark money."
High-risk policy pushes: Advocating a national Bitcoin reserve (vulnerable to massive volatility losses for taxpayers), crypto tax payments, slashed capital gains tax on crypto, and making London a crypto hub — all while party funding and personal gains are tied to the sector.
Event context: UK CPAC (run by Liz Truss) partners with crypto lobby groups like Bitcoin Collective for "alternative money revolution" sessions. Farage headlines amid ongoing scandals over undeclared crypto-linked donations and lobbying.
These centre on conflicts, regulatory capture risks, volatility exposure, and transparency issues.
These are established public facts from credible journalism. Some elements (e.g., exact influence or rule breaches) remain under investigation, but the underlying connections, actions, and statements are not in dispute.
Chris Atkins (@scatatkins) went undercover to Liz Truss' far-right CPAC conference.
They claim to love free speech. But our 'Patriot News' reporter got kicked out for asking the wrong questions.
Apparently only a couple of hundred people turned up for Liz Truss' CPAC GB conference, to see a host of right and far right politicians, conspiracy theorists, journalists and alt media types, many with links to misinformation.
Here's who's who. 🧵
President Zelenskyy has gifted Keir Starmer the Ukrainian 'Order of Freedom' - the highest award for a foreign person - during his final visit as PM
Starmer says he will "treasure it forever"👏
Nigel Farage is taking a break from the scandal about his ties to crypto investors by headlining a rightwing festival backed by crypto investors.
The Reform UK leader is the main draw to CPAC Great Britain, an event put on by the UK’s shortest lived prime minister Liz Truss.
The event, which kicks off today, is described by Truss as “a launchpad for the policies and leaders that will shape the future of the West”.
The crypto currency lobby group Bitcoin Collective is listed as a “strategic partner” of CPAC Great Britain, as reported by DeSmog. It will lead a discussion on “the alternative money revolution” during the three day conference.
Farage is currently facing a self-triggered byelection after being investigated for failing to disclose a £5m donation from crypto billionaire Christopher Harborne. The MP for Clacton has also been scrutinised for his ties to George Cottrell, a convicted fraudster, who the Times revealed this week made undisclosed donations to Reform.
CPAC Great Britain is modelled on the annual gathering of conservative thinkers and politicians in the United States. Jacob Rees-Mogg, historian David Starkey, former Tory leader Iain Duncan Smith, and Israel’s deputy foreign minister Sharren Haskel are scheduled to appear at the event.
Lucy Connolly, who was jailed after calling for hotels housing asylum seekers to be set on fire, will appear alongside Tory peer Toby Young for a talk called “Free Speech Under Siege”.
Ticket prices range from £75, for youth, to £10,000, which will get you a seat at the “Sir Winston Churchill Gala Dinner” and “VIP access”.
3 in 4 Brits (74%) state that the parliamentary standards commissioner should be investigating whether Nigel Farage leader broke parliamentary rules 🚫
73% say investigation should continue even if Farage wins the Clacton by-election 👉 https://t.co/YY0tJovzBR
The Guardian has now been told by three sources that in March 2024 Nigel Farage told senior Reform insiders that if he were to resume leadership of the party, and run to be an MP, he would need to be compensated for the financial harm of giving up his City career to spend 20 years campaigning and standing for election again.
Insiders and donors were insistent that Farage needed to return and to take Reform into not only a 2024 general election but a 2029 one, too. He argued that would cost him £5m, the sources said.
No mention was made of security costs in the discussions about needing to replace lost earnings, sources said.
🟡 From This Month’s Magazine
‘The Odyssey’ Backlash: A Journey Between Strangeness and Familiarity
The ‘culture war’ around the casting choices of Christopher Nolan’s new adaptation of the Greek epic gets to the very themes Homer was writing about, writes @JakeArnott
READ ON:
https://t.co/RlWNkVzUKb