Farage Bets Big on Bitcoin — Will Britain Follow Trump’s Crypto Playbook?
British politician Nigel Farage has vowed to make Britain a world crypto hub, declaring, “I’m your champion”. He unveiled sweeping pro-crypto insurance policies on the Digital Asset Summit 2025 in London.
The Reform UK chief pledged to create a state-backed bitcoin reserve and slash capital-gains taxes to 10%. Reform UK at the moment holds 5 seats within the House of Commons, the fifth-largest presence after Labor, the Conservatives, the Liberal Democrats, and the SNP.
Farage’s Crypto Bill Proposes Bitcoin Reserve
Farage’s pledge mirrors the technique of Donald Trump, who courted digital-asset traders forward of his 2024 marketing campaign. The populist politician now seeks to rally Britain’s crypto group and problem Prime Minister Keir Starmer’s Labor authorities.
Farage outlined his Cryptoassets and Digital Finance Bill throughout his speech in London on Monday. The plan consists of forming a nationwide bitcoin reserve funded by $6.4 billion (£5 billion) in belongings seized from criminals. It additionally introduces a ten% flat tax on crypto beneficial properties and bans account closures for lawful digital-asset exercise.
“The UK’s monetary providers have turn out to be stagnant,” Farage instructed attendees. “I need London to be a terrific buying and selling heart once more — together with crypto.”
His stance contrasts sharply with the Bank of England’s cautious method. Farage criticized its proposed limits on stablecoin holdings as “frankly ridiculous” and vowed to halt any central financial institution digital foreign money (CBDC) rollout, calling it “the final word authoritarian nightmare.”
Crypto trade voices welcomed his enthusiasm, which was instantly mirrored throughout social media platforms. The extraordinary nature of the pledge—significantly the promise to purchase Bitcoin for the UK’s reserves—sparked reactions that underscored the political weight of the announcement, reminiscent of: “With his occasion at the moment main the polls, some speculate whether or not Bitcoin might turn out to be a element of the official UK monetary system”.
Policy May Redefine UK’s Financial Future
Reform UK now leads nationwide polls, reflecting a shift from Britain’s conventional Conservative—Labor dominance. With the subsequent basic election set for 2029, projections recommend Reform might safe a majority if traits proceed.
Politico projected Reform UK to win 311 seats — simply 15 wanting an outright majority — with a 31% vote share in early October 2025. Analysts see this as a collapse of two-party management and an increase in assist from voters offended about overregulation and taxes.
Farage’s digital-asset agenda varieties a central pillar of this new political alignment. The occasion’s technique mirrors Donald Trump’s profitable embrace of the “crypto vote” throughout the 2024 US election, indicating that crypto coverage is quick changing into a mainstream electoral situation.
The UK’s crypto group stays dissatisfied with regulation. The Financial Conduct Authority’s “identical threat, identical regulation” mannequin teams all tokens below speculative threat. The authorities additionally lower the tax-free capital beneficial properties allowance from $15,500 (€14,400) in 2022 to $3,800 (€3,500) in 2024.
Farage emphasizes that Reform’s 10% flat tax and easier guidelines goal to revive competitiveness and entice digital-asset companies again to Britain.
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