UK lawmaker seeks FCA probe of Farage's crypto promotion

A UK lawmaker has requested the Financial Conduct Authority (FCA) investigate Nigel Farage's involvement in a promotional video for crypto firm Stack BTC. Farage recently invested in the firm and appeared in a video announcing a significant bitcoin purchase made through Stack BTC. The lawmaker cited concerns about potential market abuse and conflicts of interest, drawing parallels to a "Trump playbook" in crypto advocacy. This action highlights ongoing scrutiny of celebrity and political figures promoting digital assets and the regulatory oversight required in the fintech space.