At the Bitcoin 2025 conference in Las Vegas, Nigel Farage, leader of Reform UK, unveiled a robust pro-cryptocurrency agenda, promising to spearhead a “crypto revolution” in the UK. He introduced the “Cryptocurrency and Digital Finance Bill,” which outlines a 10% capital gains tax on crypto and the establishment of a national digital reserve at the Bank of England. His initiative aligns with U.S. President Trump’s pro-crypto policies, including the creation of national cryptocurrency stockpiles. Farage aims to position London as a leading global hub for digital assets. Additionally, Reform UK became the first British political party to accept cryptocurrency donations. Drawing from his personal experience with “debanking” after NatWest closed his Coutts account—an event that stirred debate on financial discrimination and led to the resignation of the bank’s CEO—Farage pledged to legislate protections for crypto holders against account closures based solely on digital asset transactions. Meanwhile, Reform UK is polling ahead of both Labour and Conservative parties, with a recent YouGov survey putting the party at 29% voter support.
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