Reform UK Calls for Investigation into SBF-Linked Political Donations

TechFlow news, August 8, according to Cointelegraph, Reform UK Chairman Lee Anderson called on the Parliamentary Standards Commissioner to investigate Defence Secretary Wes Streeting for accepting a $50,000 donation from the think tank "Labour for the Long Term" between 2022 and 2023. The founder of the think tank previously accepted a $675,000 grant from Bankman-Fried.

UK law allows unincorporated associations to donate more than $675 directly to politicians; this regulatory loophole could be used as a channel for "foreign or dark money". Streeting's side stated that before accepting the donation, they requested a list of donors and did not find Bankman-Fried's name, and he himself also stated that he never had contact with the former FTX CEO who is currently serving a 25-year prison sentence.