BitMEX co-founder Ben Delo has donated £4 million to the Reform Party in the UK

According to CoinDesk, BitMEX co-founder Ben Delo stated in a commentary for The Daily Telegraph that he has donated £4 million (approximately $5.1 million) to the Reform UK party led by Nigel Farage since the beginning of this year, to support its goal of becoming "a viable alternative for governance." Delo did not disclose whether the donation was made in fiat or cryptocurrency, but publicly supports the UK government's proposed temporary ban on political donations in cryptocurrency, citing regulatory complexities. Recent guidance from the UK Electoral Commission indicates that cryptocurrency donations are not currently prohibited under election law, but must be valued in pounds at the time of receipt and the identity of the donor must be verified. The UK government has announced an immediate suspension of cryptocurrency donations to all parties as part of measures to combat foreign interference.

Meanwhile, the Reform UK party has also recently received a £9 million donation from cryptocurrency investor Christopher Harborne.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.