UK Reform Party Leader Nigel Farage Resigns as MP Amid Crypto Donation Scandal, Will Stand in By-Election

CoinFeed July 8 news, according to Cointelegraph, UK Reform Party leader Nigel Farage announced he will resign as an MP and stand in a by-election in response to the scandal over receiving millions of dollars in donations and gifts from crypto industry-linked figures Christopher Harborne and George Cottrell. Farage said in an X livestream that he has 'done nothing wrong, broken no laws, and misused no public funds,' claiming these 'gifts' were unconditional and will be used for security expenses. He confirmed he is under two investigations by the Parliamentary Commissioner for Standards and said 'the people of Clacton should judge my actions,' and will stand in the by-election to seek re-election. Farage previously spoke at the Bitcoin 2025 conference and invested in Stack, a London-listed Bitcoin treasury company.