British activist Stephen Yaxley-Lennon, known as Tommy Robinson, promoted a cryptocurrency token on X this week with an AI-generated minotaur mascot, then backtracked almost immediately. He shared the address for The Patriotic Bull, a Pump Fun-based token, and claimed his associated account would use collected fees to improve the UK. Within hours, he clarified the project belonged to his son and that he felt ridiculous for posting about it.

"I've not been hacked I'm just letting my son pump his crypto," Yaxley-Lennon wrote. "I feel like a wanker writing these posts I am the patriotic bull."

The post drew sharp criticism from his usual supporters. Right-wing accounts called it a "grift," a "crypto scam," and accused him of promoting "sloppy crypto" while the country faces deeper problems. His Pump Fun account received tokens from three similarly named versions of the same project, all linked to an account called "Carefulsquid838," which Protos reports is likely run by Spencer Yaxley-Lennon, his son.

A lifestyle that doesn't fit the narrative

Spencer's public Instagram presence tells a different story than his father's perpetual fundraising appeals. The account featured posts boasting about private jets and designer clothing, later switched to private once the images began circulating. Spencer also promotes FX trading through a site called Ghost Trades, which uses offshore broker Vantage Markets—the same platform his father has backed.

This contradicts the image Yaxley-Lennon has cultivated for years. In 2018, while imprisoned for contempt of court, he received £20,000 worth of Bitcoin from supporters claiming financial hardship. By 2022, court documents revealed he was collecting £1,000 to £4,000 monthly from backers while gambling £100,000 in casinos and online. More recently, his journalism firm Urban Scoop sought donations for expansion, yet he posted footage of himself on holiday.

Tether, Farage, and political backing

Yaxley-Lennon's rise tracks with deeper shifts in UK right-wing funding. Elon Musk frequently amplifies his posts on X. This month, Yaxley-Lennon met with Errol Musk, Elon's father, in Russia and claimed the hostile nation is "not the enemy of Britain."

Meanwhile, Reform UK—the party Yaxley-Lennon orbits—draws backing from Christopher Harborne, who holds a 12% stake in stablecoin giant Tether (USDT, trading around $0.999). Harborne donated £25 million to the party over the years and gave an additional £5 million to leader Nigel Farage before his 2024 political return. That £5 million gift remained undisclosed until recently and is now under review by the Parliamentary Standards Commissioner. Harborne recently registered as a UK voter, a shift that allows him to exceed the £100,000 overseas donation cap introduced by the Labour government to deter foreign political interference.

Yaxley-Lennon's son's token scheme, then, sits within a wider ecosystem where UK right-wing figures mix crypto promotion, opaque funding flows, and appeals to supporters that don't always match their financial reality.