UK Liberal Democrats Request FCA Probe into Nigel Farage’s Stack BTC Ties

According to Cointelegraph, the UK Liberal Democrats have sent a letter to the Financial Conduct Authority (FCA) requesting an investigation into the relationship between Reform UK leader Nigel Farage and the bitcoin company Stack BTC. The party questions whether Farage’s appearance in the company’s promotional videos, while holding shares in Stack BTC, violates market rules and constitutes a conflict of interest. Stack BTC recently disclosed that it purchased 37 bitcoins as part of its reserves, valued at approximately $2.7 million; Farage holds a 6.31% stake in Stack BTC through his media company. This comes as the UK government advances a proposal to ban political donations in cryptocurrency to prevent external funding from influencing elections. The FCA has stated it will review the letter and respond accordingly.