Ben Delo, co-founder of crypto exchange BitMEX, said he donated 4 million pounds ($5.1 million) to Nigel Farage’s Reform UK party, in an opinion piece for The Telegraph Wednesday.

Delo wrote that the contribution was made “since the start of this year” to help build Reform UK into “a genuine alternative party of government.”

The op-ed does not specify whether the donation was made in fiat currency or cryptocurrency, though he also expressed support for a proposed U.K. government moratorium on political donations made in cryptoassets, citing regulatory complexity.

Guidance from the U.K. Electoral Commission, last updated April 7, 2026, states that crypto donations are currently not prohibited under electoral law, but are treated…