The Liberal Democrats have called for an official inquiry into Nigel Farage’s financial involvement with British bitcoin company Stack, after the Reform UK leader appeared in a promotional video for the firm where he holds shares. The development raises questions about potential conflicts of interest as Farage campaigns on economic policy platforms.
According to corporate filings reviewed by BBC News, Farage became a shareholder in Stack in early 2024. Analysts note the timing coincides with his increased public commentary on cryptocurrency regulation. ‘When political figures have undisclosed financial stakes in industries they influence, it warrants transparency,’ said a Westminster ethics watchdog speaking anonymously.
While cryptocurrency investments aren’t illegal for MPs, House of Commons rules require declaration of relevant financial interests. Farage’s team maintains all proper disclosures were made, though they declined to specify when regulators were notified. The Financial Conduct Authority confirmed receiving ‘standard notifications’ but wouldn’t comment further.
The controversy emerges as UK parties debate cryptocurrency frameworks. Some backbenchers argue the episode highlights need for stricter rules: ‘We can’t have policymakers moonlighting as crypto influencers,’ one Conservative MP told Reuters. Others dismiss the concerns as politically motivated, with a Reform spokesperson calling it ‘a smear campaign during election season.’