The Crypto-Friendly Crusade of Nigel Farage
A Marked Shift in Crypto Advocacy by the Reform Party
Nigel Farage Vows for Reduction of Digital Asset Capital Gains Taxes, Advocates for Compulsory UK Bitcoin Reserves
Nigel Farage, the undisputed leader of Britain's right-wing Reform Party, has boldly showcased his party's newfound affection for crypto at the Bitcoin 2025 conference this week. The conference, held in the vibrant city of Las Vegas, witnessed a momentous speech from Farage, where he unveiled the Reform Party's pledge to champion crypto should they win the next general election, scheduled for 2029.
Farage shared his intentions to pass the Crypto Assets and Digital Finance Bill, if given the chance, which aims to revolutionize and embrace cryptocurrencies in Britain:
- Reduced Crypto Taxes: The bill proposes cutting the capital gains tax on crypto assets to a paltry 10% (currently as high as 24%). This tax reduction is envisioned as a means to stimulate investment and boost compliance within the burgeoning crypto sector.
- Bank of England Bitcoin Reserve: Under Farage's proposal, the Bank of England would be obligated to establish a Bitcoin reserve. This bold step is part of a broader strategy to position London as a dominant global trading hub for cryptocurrencies.
- End Debanking: The proposed legislation seeks to prevent banks from terminating the accounts of customers engaged in crypto transactions, thereby protecting crypto enthusiasts from financial exclusion.
- Support for Digital Finance: The bill is designed to offer support for digital finance and crypto assets. Farage's ambition is to foster a "crypto revolution" in Britain, making London a hub for crypto trading and ensuring the regulatory landscape remains accommodative to innovation in the sector.
If elected, Farage vows to lead Britain into the age of crypto and financial freedom. The winds of change are upon us.
Stay informed with the latest updates by following Reform UK’s Cryptoassets and Digital Finance Bill at https://t.co/5QytUV1p1V.
Speeches from the Crypto Frontier
On this momentous day at the Bitcoin conference, Farage recounted his own experience with debanking, a controversial practice where banks refuse to provide services to customers based on their affiliations or activities. This issue has sparked a mutual understanding and concern between the crypto community and right-wing political figures. Nigel Farage, along with politicians such as Eric Trump in the US, has been a victim of this practice, allegedly denied banking services due to their political views.
The Reform Party's unwavering commitment to support the crypto and digital asset industry is evident, as they are now accepting donations in crypto via their website, including Bitcoin, Ethereum, Solana, and USDC. This decision marks the Reform Party as yet another right-wing entity to align with the crypto revolution, joining their peers in the US, El Salvador, and Argentina.
In a final bid to win over the crypto-focused crowd, Farage asserted, "We are anti-establishment. We are disruptors."
Originally written by Samantha Redston for Decrypt.co
[Adapted by Jaxon Bardoe for SCENE]
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- Nigel Farage, the leader of Britain's right-wing Reform Party, has expressed his party's fondness for crypto at the Bitcoin 2025 conference, promising to champion crypto in the next general election in 2029.
- Farage plans to pass the Crypto Assets and Digital Finance Bill, aiming to create a friendlier crypto environment in Britain by reducing crypto taxes, establishing a Bitcoin reserve, ending debanking, and supporting digital finance.
- Farage vows to lead Britain into the age of crypto and financial freedom, making London a global hub for crypto trading.
- Farage shared his personal experience of debanking, where he was denied banking services due to his political views, which has sparked a shared concern between the crypto community and right-wing political figures.
- The Reform Party is now accepting donations in crypto, including Bitcoin, Ethereum, Solana, and USDC, further demonstrating their support for the crypto and digital asset industry.
- The Reform Party's stance on crypto aligns with other right-wing entities in the US, El Salvador, and Argentina, and they consider themselves as anti-establishment disruptors.
