British Parliament’s standards watchdog is investigating Reform UK leader Nigel Farage over a previously undisclosed $6.3 million gift from cryptocurrency investor Christopher Harborne.

The British Parliament’s standards watchdog has launched an investigation into Reform UK leader Nigel Farage over a $6.3 million (£5 million) gift from a billionaire cryptocurrency investor, escalating a row over whether the politician breached House of Commons transparency rules.

According to a BBC report, the Parliamentary Commissioner for Standards is examining whether Farage failed to declare the payment from Christopher Harborne, a Thailand-based businessman and major donor to right-wing causes. Under Commons rules, new members of Parliament must register any financial interests or benefits exceeding roughly $380 received in the 12 months prior to their election.

Farage, who was elected to Parliament in July 2024, has denied any wrongdoing. He maintains the money was a “personal, unconditional gift” provided in early 2024 before he decided to stand for office.

“Mr. Farage’s office is in communications with the Parliamentary Commissioner for Standards,” a Reform UK spokesperson said. “He has always been clear that no rules were broken. We look forward to this being put to bed once and for all.”