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Reform UK chief Nigel Farage has pledged to place the UK as a worldwide crypto hub, mirroring US President Donald Trump’s pro-crypto methods.
“I’m your champion,” Farage mentioned whereas talking on the Digital Asset Summit 2025 in London on Oct. 13. “The federal government of immediately has carried out nothing on this space. I make issues change.”
He referred to as for wise crypto regulation, not ”the ludicrous regulation” utilized to equities.
He additionally opposed the Financial institution of England’s proposed central financial institution digital forex, labeling it an “authoritarian nightmare” and pledging to halt its growth if Reform UK beneficial properties energy.
Reform Leads In UK Opinion Polls
Reform UK presently leads the opinion polls within the nation. Ought to it win the subsequent election, scheduled for 2029 on the newest, Farage mentioned his celebration would take motion on crypto “very, in a short time.”
UK Parliament voting polls (Supply: Politico)
The pledge to assist crypto is a part of a bid to attraction to youthful buyers.
Reform UK unveiled a “Crypto Belongings and Digital Finance Invoice” in Might through which it detailed plans to ascertain a state-backed strategic Bitcoin reserve and cut back capital beneficial properties tax on crypto investments to 10%.
Referring to the dearth of crypto progress within the UK, Farage mentioned throughout his speech that his “deep frustration” is that the entire space of digital property and crypto simply isn’t being talked about in any respect within the UK.
“We’ve acquired no regulated market,” mentioned Farage, who’s extensively recognized for being one of many foremost drivers behind the marketing campaign for Britain to go away the European Union.
Not a single political celebration talked about crypto of their manifestos forward of the 2024 elections within the UK.
Farage Supported Crypto After Being Debanked
In 2023, Farage had a checking account with the British financial institution Coutts closed, partly due to his political opinions. For the reason that incident, he has advocated for digital asset adoption.
“I’m essentially the most well-known case of being debanked on this nation,” he mentioned, including that he was “the primary distinguished particular person in British politics to undertake crypto, to speak about crypto, to try to legitimize crypto” as a result of he noticed “that is the way in which it was going.”
He added that crypto permits “private sovereignty” as a result of it offers customers the facility over their very own cash.
“This entire space of digital property and crypto simply is not being talked about in any respect,” @Nigel_Farage says pic.twitter.com/SOF42czMJT
— Digital Asset Summit 2025 (@blockworksDAS) October 13, 2025
Trump Delivers On Crypto Marketing campaign Guarantees
Donald Trump did a U-turn on crypto to embrace the iin his marketing campaign to retake the White Home for a second time final yr. The business backed him with marketing campaign funding and he’s delivered on his promise to be ”crypto president” with a sequence of aggressive pro-crypto coverage strikes.
He signed a invoice to create the US Strategic Bitcoin Reserve and a US Digital Asset Stockpile that holds a number of altcoins. He additionally created a White Home digital asset working group to assist ship on his plan to make the US the “crypto capital of the world.”
And he signed into regulation the GENIUS Act, which establishes a regulatory framework for stablecoin companies trying to problem their tokens within the US.
Donald Trump Jr. has additionally mentioned the household’s embrace of crypto got here after they had been “de-banked, de-insured, de-everything.”
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