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Reform UK’s Farage Claims 'No Obligation' to Declare Tether Billionaire's $6.7M Gift
TL;DR
Reform UK leader Nigel Farage claims he had 'no obligation' to declare a $6.7 million gift from Tether stakeholder Christopher Harborne. Farage stated the gift was made for personal security and before his decision to stand for Parliament.
Key points
- Nigel Farage claims no obligation to declare $6.7 million gift
- Gift from Tether stakeholder Christopher Harborne
- Harborne donated £12 million to Reform UK
- Farage cites past threats to safety as justification
- Gift was made before Farage's decision to stand for Parliament
Mentioned in this story
Nigel FarageChristopher HarborneReform UK
In brief
- Reform UK leader Nigel Farage claims he was under “no obligation” to declare a $6.7 million (£5 million) personal gift from Tether stakeholder Christopher Harborne.
- Harborne has donated £12 million to Reform UK and claims to be "the reason" for a cap on overseas donations introduced last month.
- Farage claimed the gift was made before he made the decision to stand for Parliament, and that it was to ensure his personal security.
Reform UK leader Nigel Farage said that he was under “no obligation” to declare a $6.7 million (£5 million) personal gift from Christopher Harborne, a crypto billionaire with a 12% stake in stablecoin issuer Tether.
"Believe you me, we've looked at this from every legal angle," Farage told broadcasters Tuesday, adding that, “there is no obligation to declare something that is an unconditional, non-political, personal gift.”
Farage cited past threats to his safety, including a firebombing of his home, as justification for the gift, stating that it would help "ensure I can be safe for the rest of my life."
Conservatives have since referred the matter to Parliamentary Standards Commissioner Daniel Greenberg, asking him to examine whether any portion of the £5 million actually funded political activity.
Farage said he would not refer himself to the watchdog, arguing that there was “no case to answer.”
Labour chair Anna Turley said Farage "appears to have broken the rules again," while Reform UK has maintained the transaction was exempt from declaration as it was received before he intended to stand for Parliament.
Farage's denial follows last month's revelation that the £5 million personal gift, made in June 2024 months before he announced his candidacy for the Clacton seat, was never disclosed under UK campaign finance laws.
Christopher Harborne and Reform UK
Harborne, who resides in Thailand and holds a 12% stake in stablecoin issuer , has separately donated £12 million to Reform UK, including a last year that stands as the largest single political donation from a living individual in British history.
Q&A
Why did Nigel Farage receive a $6.7 million gift from Christopher Harborne?
Nigel Farage received the gift for personal security reasons, citing past threats to his safety.
What is Christopher Harborne's connection to Tether?
Christopher Harborne is a stakeholder in Tether, holding a 12% stake in the stablecoin issuer.
How much has Christopher Harborne donated to Reform UK?
Christopher Harborne has donated a total of £12 million to Reform UK.
What justification did Farage provide for not declaring the gift?
Farage claimed there was no legal obligation to declare the gift as it was an unconditional, non-political, personal gift.
