Nigel Farage's Crypto Revolution for the UK

At the Bitcoin 2025 conference in Las Vegas, Reform leader Nigel Farage vowed to introduce a Crypto Assets and Digital Finance Bill if he becomes Prime Minister. A victory would mean creating a Bitcoin reserve at the Bank of England and cutting capital gains tax from 24% to 10%. Farage emphasizes protecting crypto users from account closures by banks, marking a shift in UK’s financial policy. Reform aims to win the next UK general election by 2029, campaigning to make the UK a major crypto hub. Statista’s data shows Reform currently leads in voting intentions. Farage criticizes past UK governments for neglecting the growing crypto market, highlighting that over 10% of Brits now hold crypto assets. Farage draws inspiration from the US’s embrace of crypto, aligning with his views on national sovereignty and minimal government interference. The UK, he believes, can learn from Trump’s policies to boost its crypto sector. The current political landscape in the UK has been dominated by Labour and Conservative parties, neither of which has yet embraced crypto enthusiastically. Reform, however, emerges from UKIP roots with Farage’s leadership. Despite facing electoral challenges, Farage remains optimistic about Reform’s potential to disrupt traditional political norms. UK regulations have been gradually accommodating crypto, focusing on consumer protection. While the UK Treasury explores crypto innovations, it remains cautious about adopting a national Bitcoin reserve. On another front, Farage opposes the idea of a central bank digital currency, fearing it would increase governmental control. His personal experiences with what he calls 'debanking' further reinforce his stance on financial independence. Reform’s latest move is to accept cryptocurrency donations, pioneering political funding avenues in the UK. Farage pitches to the British youth to support his vision for a modern digital economy. He reflects on past criticisms of crypto as unfounded, championing disruptors and innovators in reshaping the financial landscape.