Story perspectives

Farage Backs Risky Memecoins Amid Crypto Market Collapse

3/20/2026

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Summary

Story summary

Nigel Farage, a political figure, promoted cryptocurrencies through Cameo videos for £72.
He endorsed obscure memecoins, claiming they represent freedom from government control.
A spokesperson said he acted in good faith and was unaware of potential misuse.
Several cryptocurrencies he backed, including Celsius Network's CEL token, have lost value or become bankrupt.
He plans to accept crypto for tax payments and has invested £215,000 in a crypto business.

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Story summary

Nigel Farage, a political figure, promoted cryptocurrencies through Cameo videos for £72.
He endorsed obscure memecoins, claiming they represent freedom from government control.
A spokesperson said he acted in good faith and was unaware of potential misuse.
Several cryptocurrencies he backed, including Celsius Network's CEL token, have lost value or become bankrupt.
He plans to accept crypto for tax payments and has invested £215,000 in a crypto business.