Historical election victory puts the spotlight on Farage’s crypto donor

Last Updated on 12 May 2026 by CryptoTips.eu

Following Reform’s historic victory in the local elections last week, all eyes in the United Kingdom are once again focused on Nigel Farage, who now stands a very good chance of becoming the country’s new Prime Minister.

Harborne

About two weeks ago, I wrote that it was possible crypto billionaire Christopher Harborne had bought himself an election victory for the resounding price of five million pounds.

Last Thursday local elections were held in Scotland, England, and Wales, which resulted in a resounding (and even historic) victory for Reform, Nigel Farage’s new populist party.

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The latter was already featured this weekend as the possible new Prime Minister of the United Kingdom on the satirical program Saturday Night Live.

Deeply hidden within Reform’s election manifesto (which is primarily focused on immigration) are also several crypto plans for the country.

A Reform government would lower taxes on crypto income from 24% to 10%, and it would become much easier to set up new companies trading in digital currencies.

According to the Financial Times, Harborne therefore knew exactly what he was doing when he gave the donation to Farage in 2024. Farage decided 24 hours after receiving it to run in the elections after all.

His newest party has already won the local elections last week and if elections for the national parliament were to be held, Reform would normally become the largest party.


Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu