Reform UK party leader Nigel Farage said he will resign his seat in the UK House of Commons, asking Clacton constituents to decide his political future after confirming he is the subject of two parliamentary standards investigations into crypto-linked gifts.
Farage announced his decision on X, saying he would resign in response to what he described as "foul means" used by his political opponents. He said he would immediately stand in the resulting by-election, though the vote could take weeks or months to be held because of the process required to vacate the seat.
Farage was elected as Clacton MP with 46.2% of the vote in July 2024.
The Reform leader said the inquiries by the UK's Parliamentary Commissioner for Standards relate to what he described as gifts given on an unconditional basis from crypto investor Christopher Harborne and George Cottrell, a convicted fraudster linked to offshore crypto gambling platform Tether.bet.
"Let me be absolutely clear: I have done nothing wrong," Farage said during the livestream. "I have not broken the law in any way at all. I have not misused public money."
