British politician and cryptocurrency entrepreneur accused of conflict of interest., 2026/04/14 16:13:52

Deputy leader of the British Liberal Democrats, Daisy Cooper, has urged the UK’s Financial Conduct Authority (FCA) to investigate the connection between Reform UK leader Nigel Farage and the company Stack BTC.

In a letter sent to the FCA, Cooper expressed her concerns regarding Farage’s actions, who, as a shareholder of the Bitcoin asset management firm Stack BTC, is publicly advocating for crypto investments. Recently, Stack BTC, led by former UK Chancellor Kwasi Kwarteng, purchased 37 BTC for $2.7 million, and Farage publicly endorsed this acquisition.

Cooper is worried that Farage’s support for cryptocurrencies creates a conflict of interest. The politician has called on the FCA to examine whether Farage has violated any laws by appearing in Stack BTC’s promotional materials while holding a financial stake in the company. The letter notes that Farage is actively promoting the adoption of cryptocurrencies in the UK, including for tax payments. Last year, Farage promised to establish a state Bitcoin reserve if his party won the elections.

Cooper suspects that by promoting cryptocurrencies and leveraging his public influence, Farage is pursuing personal financial interests. She is also critical of the politician’s support for cryptocurrencies without addressing the associated risks. Such actions could mislead the public, particularly inexperienced investors, and lead them to make risky financial decisions, Cooper suggested.

In February, British MP Matt Western proposed a temporary moratorium on cryptocurrency donations to political parties to prevent foreign interference in political financing.