UK politician Nigel Farage bought $1.8M house after $6.7M crypto gift

The news follows growing calls from UK lawmakers and government officials to curb or temporarily ban crypto political donations in the country.

United Kingdom politician Nigel Farage, the leader of the Reform Party, purchased a property valued at 1.4 British pounds ($1.8 million) after receiving a $6.7 million “personal gift” from crypto billionaire Christopher Harborne. 

The real estate deal closed in May 2024, several weeks before Farage announced that he was running for office in the general elections, according to Sky News.

Farage is now facing a UK parliamentary probe over the personal gift, which critics of the politician say should have been declared and registered after he took office.

Read more