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UK caps overseas political donations, threatening Reform UK's crypto billionaire funding.

Market News
06 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

The UK government plans to limit overseas political donations to £100,000 annually, impacting Reform UK, which relies heavily on donations from Christopher Harborne, a British-Thai billionaire with a 12% stake in Tether. Harborne has donated over £22 million to the party, but the new rules would make such large foreign contributions illegal. Harborne recently registered to vote in the UK, possibly to bypass the new cap, but this move is under scrutiny and may not succeed. This development highlights growing tensions between crypto wealth and UK political funding regulations, with potential implications for future crypto policies and transparency requirements.

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