Published: April 14, 2026 at 10:55 am
The Liberal Democrats are demanding an inquiry into Nigel Farage’s promotion of a Bitcoin company.
The Reform UK leader promoted Stack BTC in a video alongside short-lived Tory Chancellor Kwasi Kwarteng, who is executive chairman of the Aquis-listed company.
Last month the MP for Clacton joined Blockchain.com in backing Stack BTC, while soon afterwards the firm raised around £2 million through a share placing, subscription and retail offer, with Farage investing a further £60,650 through the subscription – taking his total investment to £215,000 and holding to 6.3%.
Now the Lib Dems have called for the Financial Conduct Authority to investigate Farage’s promotion of the £2m deal in the video.
They say his actions may amount to “attempted interference in the cryptocurrency market” or “attempted market abuse”.
A spokesman for Farage told the BBC the event was a “photo call”, adding: “Mr Farage is embracing the 21st Century. He bought the [£2m] crypto on behalf of Stack and not personally.”