Farage Resigns Amid Crypto Donation Scandal, Seeks Re-Election

Nigel Farage, leader of the UK's Reform party, has announced his resignation from Parliament amidst allegations of receiving millions in crypto donations and gifts. Farage claims he did nothing wrong and had not broken any laws.

The scandal centers around reports that he received a $6.7 million gift from Christopher Harborne, a crypto billionaire, which Farage initially called a 'reward' for his Brexit campaign. He also confirmed being the subject of two probes by the UK's parliamentary standards commissioner.

Farage stated that he would use the funds for security-related expenses and will stand in the upcoming by-election to determine whether or not he should continue representing Clacton. The election is expected to take weeks or months given the logistics of his stepping down and calling for a by-election.