New UK Election Funding Rules Could Hit Reform's Crypto Billionaire Donors

The UK government has announced a fresh crackdown on foreign money in politics, and the new rules could squeeze the crypto billionaires who have bankrolled Nigel Farage's Reform UK.

Company donations will be judged on post-tax profits over five years rather than revenue, to keep out firms with big turnover but murky operations, and candidates must prove that any pre-campaign funding came from "legitimate sources."

Neither Harborne nor Delo’s donations were made in the form of cryptocurrency, and Reform says no rules were broken.