tl;dr
Nigel Farage, leader of Britain’s Reform Party, announced at the Bitcoin 2025 conference his commitment to prioritize cryptocurrency if elected prime minister in 2029. He presented the Crypto Assets and Digital Finance Bill, proposing to reduce crypto capital gains tax to 10%, require the Bank of En...
Nigel Farage, leader of Britain’s Reform Party, has unveiled a bold crypto-focused agenda, promising to prioritize cryptocurrency legislation if elected prime minister in 2029. Speaking at the Bitcoin 2025 conference in Las Vegas, Farage introduced the Crypto Assets and Digital Finance Bill, which proposes to reduce capital gains tax on crypto assets to 10%, mandate the Bank of England to establish a Bitcoin reserve, and prohibit banks from denying services to crypto users.
Farage cited his personal experience of “debanking”—being refused banking services by ten banks—as a core motivation for defending crypto freedoms. He emphasized that crypto offers the “ultimate freedom” since users cannot be shut down or excluded by traditional financial institutions. This stance aligns closely with the anti-establishment, disruptive ethos embraced by both his Reform Party and the broader crypto community.
The Reform Party has also embraced cryptocurrency payments, now accepting donations in Bitcoin, Ethereum, Solana, and USDC. This move reflects a growing trend among right-wing parties and governments worldwide, including in the United States, El Salvador, and Argentina, to integrate crypto into political funding and policymaking.
Farage’s political trajectory—from leading UKIP and driving Brexit to forming the Reform Party—has been marked by controversy, including accusations of racially charged rhetoric that the party denies. Yet, at Bitcoin 2025, his message focused squarely on modernization:
“We will campaign for this and we will put it in place when we win the next general election,” Farage declared. “Bring crypto and digital assets in from the cold. Let’s get the British economy into the 21st century.”
By pushing for tax cuts, institutional crypto reserves, and banking inclusivity, Farage hopes to fuse his political platform with the decentralized, freedom-centric values of the cryptocurrency movement, potentially reshaping Britain's financial landscape.