Reform UK given record £36m donation by British crypto billionaire
Summary
Reform UK has received a record £36 million donation from British cryptocurrency billionaire Ben Delo. Delo was convicted in the US for failing to apply anti-money laundering controls and was later pardoned by President Donald Trump. This donation makes Delo the largest political donor in the UK and raises discussions about limits on large political contributions.Key Facts
- Ben Delo, a British crypto billionaire, donated £36 million to Reform UK.
- Delo was convicted in 2022 in the US for insufficient anti-money laundering measures at his crypto business BitMEX.
- President Donald Trump pardoned Delo after his conviction.
- This donation surpasses all other UK political donations, including a previous £15 million gift to Reform UK from Christopher Harborne.
- Nigel Farage leads Reform UK, which is under investigation for overseas funding and undeclared donations.
- There are concerns in UK politics about the influence of very large donations, with some politicians calling for limits or caps.
- Keir Starmer and Andy Burnham have recently expressed hesitation about placing limits on donations.
- Delo has given over £8 million to Reform UK earlier in the year, showing growing mega-donor influence.
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