Farage Resigns Seat, to Run in Clacton By-Election Amid Crypto Disclosure Probe

Nigel Farage, leader of the UK Reform Party, has announced his resignation from Parliament.

Bloomberg reported on July 7 that Farage plans to run in a by-election in his Clacton constituency to win back the seat. He described the move as "an opportunity to take on the entire political establishment."

The decision comes as Farage is under investigation over allegations that he failed to disclose donations and other support received from the digital-asset industry.

The Reform Party, previously led by Farage, is the most crypto-friendly political party in the UK.