Nigel Farage Resigns as UK MP, Seeks By-Election Amid $6.7M Crypto Gift Controversy

Nigel Farage, leader of the UK Reform party, announced Tuesday that he will resign as Member of Parliament for Clacton and stand in a by-election to address a controversy over crypto-linked donations. Farage confirmed he is under two parliamentary standards probes following reported gifts from crypto billionaire Christopher Harborne and George Cottrell, a convicted fraudster linked to a crypto casino. Farage said he received approximately $6.7 million from Harborne, which he described as an unconditional gift and "reward" for Brexit campaigning, and said he would use the funds for security-related expenses. "I have done nothing wrong," Farage stated in an X livestream. "I have not broken the law in any way." By resigning and seeking re-election, Farage is asking voters in Clacton to judge whether the gifts should affect his parliamentary seat.
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