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Former U.K. prime minister Boris Johnson just received a $1.2 million political donation from a crypto investor reported to have been a shareholder in the parent company of cryptocurrency exchange Bitfinex, sister company of USDT stablecoin issuer Tether.The Nov. 21 donation by Thailand-based crypto investor Christopher Harborne, a round £1 million, went to the personal office of Boris Johnson, now a Conservative party MP representing Uxbridge and South Ruislip. It was the largest-ever donation to a politician, according to Tom Larkin, a Sky News producer.He tweeted:<blockquote>“It’s smashed the previous record by x6 — a £150k donation to Michael Gove in 2009.”</blockquote>Under U.K. Electoral Commission rules, donations can be given “with the intention that it is used or benefits you in connection with your political activities as an MP.”According to the <a href="https://coinmarketcap.com/alexandria/article/crypto-investor-gives-boris-johnson-1-2m-the-u-k-s-biggest-political-donation-ever" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the campaign disclosure filing also lists a payment of more than £250,000 ($305,000) for a Dec. 13 speech to Singapore-based Layer 1 blockchain developer ParallelChain Labs.Among other investments, Harborne owned shares in Digifinex, the parent of Bitfinex, according to crypto news site Protos.Nor is it the first eye-popping donation to the Tories by Harborne, who was reportedly also one of the largest pro-Brexit donors.In February, there was a donation of £500,000 to the Boris Johnson’s Conservative Party, two months before it <a href="https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub" rel="noopener noreferrer nofollow">announced</a> ambitions to “see stablecoins recognised as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment.”The timing raised eyebrows, with Labour shadow economic secretary Tulip Siddiq calling the donation “a shocking revelation,” the Financial News reported. She added:<blockquote>“Instead of protecting the public by properly regulating the crypto market, it appears the Conservatives have been looking after the interests of their wealthy donors.”</blockquote>A Conservative Party spokesperson told the Financial News that there was no connection between the donation and the policy shift.As a CMC Media VIP, Micky will keep following the <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>’s news – so stay tuned!Read on how Bitcoin bear market could finally end <a href="https://micky.com.au/bitcoin-bear-market-could-end-in-next-30-days-heres-why/" rel="noopener noreferrer nofollow">HERE</a>.

Crypto Investor Gives Boris Johnson $1.2M — The U.K’s Biggest Political Donation Ever

MickyNews

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