Solana community lead enters UK by-election with onchain transparency pitch

Stephen “Cap” Newnham, who leads the Solana community group Superteam UK, said he will run as an independent candidate in the Aug. 13 parliamentary by-election in Clacton against Reform UK leader Nigel Farage.

On Tuesday, Newnham outlined five campaign pledges, including support for local entrepreneurs, digital and artificial intelligence education, financial literacy in schools and onchain political transparency. He announced his intention to stand as an independent candidate on July 9.

Newnham’s fourth pledge, “You should own your pension,” argues that existing structures like self-invested personal pensions and small self-administered schemes allow savers to choose where their assets are held. He also pledged full transparency, with donations and meetings published in plain English and onchain. 

The campaign has not detailed a role for blockchain technology in managing pension assets or proposed changes to pension law. A blockchain could make published records more difficult to alter, but it would not by itself ensure that every donation or meeting had been disclosed.

Cointelegraph contacted Newnham for more information about his proposals but had not received a response by publication.

Farage funding scrutiny shapes contest

The candidacy brings an explicit crypto platform into a contest triggered when Farage resigned from Parliament on Wednesday and opted to recontest his Clacton seat amid a parliamentary standards investigation into whether Farage should have declared a 5 million pound ($6.7 million) personal gift from crypto investor Christopher Harborne. Farage has said he was not required to declare the gift because it was received before he entered Parliament. 

Farage has faced additional scrutiny over reported financial support from crypto entrepreneur George Cottrell and allegations that his financial relationships intersected with his advocacy on digital asset policy. Farage has denied wrongdoing and said he followed parliamentary rules.

Related: Bank of England governor denies Farage lobbying swayed CBDC policy: Report

National poll favors Count Binface

At the time of writing, Democracy Club lists 11 prospective candidates, including Newnham, Farage and satirical candidate Count Binface, though the council is not expected to confirm the official field until July 17. 

On Friday, an Ipsos survey of 1,000 British adults found 33% would prefer Binface to win, compared with 21% for Farage, but the national poll did not measure voting intentions among Clacton residents. 

Early survey results on the upcoming by-election. Source: Ipsos

Despite the unconventional field, the result is being closely watched because of Farage’s involvement and the scrutiny surrounding his decision to force a new vote.

Magazine: Thai scammer’s $122M wallet, Japan embraces crypto credit: Asia Express