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British Reform leader Nigel Farage has pledged to position the UK as a global crypto hub, mirroring US President Donald Trump’s pro-crypto strategies.
“I am your champion,” Farage said during a speech at the Digital Asset Summit 2025 in London on October 13. “The current government has done nothing in this area. I am making a change.”
He called for reasonable crypto regulation, not “ridiculous regulation” applied to stocks.
He also opposed the Bank of England’s proposed central bank digital currency plan, calling it an “authoritarian nightmare” and pledging to halt its development if Reform UK comes to power.
Reform leads in UK opinion polls
Reform UK is currently leading opinion polls in the country. If he wins the next election, due no later than 2029, Farage said his party would take action on crypto “very, very quickly”.
British Parliament polls (Source: Policy)
The pledge to support crypto is part of an attempt to attract younger investors.
Reform UK unveiled a “Crypto Assets and Digital Finance Bill” in May detailing plans to establish a state-backed strategic Bitcoin reserve and reduce capital gains tax on crypto investments to 10%.
Referring to the lack of progress in crypto in the UK, Farage said during his speech that his “deep frustration” is that the The digital assets and crypto space is simply not talked about at all in the UK.
“We don’t have a regulated market,” said Farage, who is widely known as a key driver of the campaign for Britain to leave the European Union.
Not a single political party has mentioned crypto in its platform ahead of the 2024 UK elections.
Farage took charge of crypto after going unbanked
In 2023, Farage had a bank account with British bank Coutts closed, partly because of his political views. Since the incident, he has been advocating for the adoption of digital assets.
“I am the most famous case of debanking in this country,” he said, adding that he was “The first prominent person in British politics to embrace crypto, to talk about crypto, to try to legitimize crypto” because he saw “that’s how it was happening”.
He added that crypto enables “personal sovereignty” because it gives users power over their own money.
“This whole area of digital assets and crypto just isn’t talked about at all,” @Nigel_Farage said pic.twitter.com/SOF42czMJT
– Digital Asset Summit 2025 (@blockworksDAS) October 13, 2025
Trump keeps his crypto campaign promises
Donald Trump made an about-face on crypto to embrace it in his campaign to retake the White House for a second time last year. The industry supported him with campaign funding, and he delivered on his promise to be “crypto president” with a series of aggressive pro-crypto policy moves.
He signed a bill to create the US Bitcoin Strategic Reserve and a US digital asset stockpile containing several altcoins. He also created a digital assets task force at the White House to help carry out his plan to make the United States the “crypto capital of the world.”
And he signed the GENIUS Act, which establishes a regulatory framework for stablecoin companies seeking to issue their tokens in the United States.
Donald Trump Jr. also said the family’s adoption of crypto came after they were “unbanked, uninsured, deactivated.”
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