On March 3, according to Cointelegraph, a co-founder of a major centralized exchange (CEX), Ben Delo, pledged to donate approximately $27 million to the London Institute of Mathematical Sciences (LIMS), making it one of the largest private donation recipients outside of Oxford and Cambridge in the UK. This funding includes a $13.3 million advance payment and an equal amount raised through additional fundraising to establish a long-term endowment fund totaling $80 million, supporting research in theoretical physics, pure mathematics, and artificial intelligence.
Ben Delo stated that he hopes the institute’s scholars will win Fields Medals and Nobel Prizes. He emphasized that choosing LIMS over large universities allows researchers to focus on scientific research without the burden of teaching and administrative duties. He also criticized the UK’s research funding system for lacking vitality and coherence. Delo has previously funded the Ben Delo Scholarship and supports charitable causes such as neurodiversity, academic freedom, and mathematics education.
Reports indicate that Delo paid a $10 million fine before receiving a pardon from Donald Trump, after admitting responsibility along with co-founders for violating U.S. banking laws. In March 2025, President Trump granted him a pardon, allowing him to continue participating in scientific research and philanthropy.
LIMS was founded in 2011 by physicist Thomas Fink and is located within the Royal Institution of the UK. Its offices were once the residence of chemist Michael Faraday. The institute offers three-year scholarships for scientists and funds exiled researchers, attracting scientists worldwide.
Meanwhile, UK lawmakers are calling for a temporary ban on political donations via cryptocurrencies, warning that such payments could lead to foreign interference. Previously, Reform UK received a record-breaking $12 million in political donations from early cryptocurrency investor Christopher Harborne. Industry experts believe that as crypto assets continue to enter academic and political spheres, regulation and compliance issues will become key concerns.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SEC crypto safe harbor proposal submitted for review! Eligible crypto projects can start without registration
SEC Chair Paul Atkins has confirmed that the cryptocurrency “safe harbor” framework has been submitted to the White House for review. The proposal includes exemptions for startups and investment contracts to promote oversight of digital assets and innovation. This move has sparked lively discussion in the financial industry and among cryptocurrency supporters, and going forward it will aim to strike a balance between protecting investors and promoting innovation.
CryptoCity1h ago
FDIC Approves New Stablecoin Regulatory Rules, Implementing the Prudent Framework of the 《GENIUS Act》
The U.S. Federal Deposit Insurance Corporation (FDIC) approved a proposed rule on April 7 to implement the regulatory requirements of the GENIUS Act, establishing a prudent management framework for stablecoin issuers and issuing corresponding regulations for stablecoin custodial services. The rule is intended to ensure proper management of reserve assets and risk controls, and to open a 60-day public comment period, reflecting the gradual improvement of stablecoin regulation in the United States.
ChainNewsAbmedia5h ago
Former special correspondent talks in depth about the history of Bitcoin being normalized after witnessing it in the White House, and offers beginner advice
Bitcoin Magazine interviews former White House reporter Corva, sharing his experience of becoming a Bitcoin advocate and analyzing Bitcoin’s role in humanitarianism and global finance. He emphasizes that policy needs legislative support, advises beginners to use dollar-cost averaging, and encourages community involvement to expand its broader impact.
ChainNewsAbmedia5h ago
XRP Lawyer Warns CLARITY Act Could Lose Momentum if Summer Delays Persist
The CLARITY Act's chances of passing depend on timely legislative action, as summer distractions and midterm politics could hinder progress. Delays may complicate its path, especially if political dynamics shift post-election.
CryptoNewsFlash5h ago
New U.S. FDIC rules! Stablecoin reserves face strict requirements and do not receive the $250k deposit insurance coverage per person
The U.S. FDIC has rolled out a regulatory framework for stablecoins, requiring 1:1 reserves and liquidity, and setting a redemption deadline within two days. This bill does not apply deposit insurance and is intended to ensure the stability of the financial system. The FDIC has clearly laid out capital requirements and limits on earnings, and has clarified the safety and compliance of stablecoins. This proposal is currently in a public comment period.
CryptoCity5h ago
The U.S. Treasury will issue rules requiring stablecoin issuers to assume anti–money laundering and sanctions compliance obligations
The U.S. Department of the Treasury will issue new rules requiring stablecoin issuers to take measures to combat money laundering and sanctions violations, including suspending suspicious transactions and strengthening management of high-risk customers. This move is intended to protect the safety of the financial system while also supporting the growth of the stablecoin industry.
GateNews6h ago
