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Nigel Farage Makes Trump-Style Promises on Crypto at Bitcoin 2025
The crypto industry’s growth in the last few years is not only commendable but also galvanizing. What was seen as a mere tech experiment now has the ability to form governments and impact the global economy
After playing an important role in making Donald Trump the US President, after he promised to make the country a crypto capital, the crypto industry is poised to command UK politics. UK Reform Party leader Nigel Farage made some serious statements at Bitcoin 2025 on changing the crypto landscape in the UK
Nigel Farage Delivers Crypto Speech at Bitcoin 2025
Nigel Farage attended the Bitcoin 2025 Conference and took that opportunity to reveal his crypto plans should he win in the UK general elections in 2029. He showcased a copy of a new legislation titled “Crypto Assets and Digital Finance Bill” at the event, which he will introduce to the UK Parliament after winning elections
Nigel Farage also said that he would decrease the crypto capital gains tax in the UK to 10%. The country currently has stringent rules when it comes to crypto and imposes a 24% capital gains tax. This single amendment would be a huge win for pro-crypto UK citizens and enough to support Nigel Farage and his Reform Party
Furthermore, Nigel also expressed his plans to mandate the Bank of England to create a Bitcoin strategic reserve after forming the government in the UK. He would allow citizens to pay with crypto and make all the rules that preach against it illegal in the country
Reform Party Starts Accepting Crypto Donations
The Farage-led Reform Party became the first of its kind in the UK to accept crypto donations. The party accepts Bitcoin, Ethereum, Solana, and USDC cryptocurrencies for donations on its website. Overall, Farage gave a speech, promising he would make the UK a crypto hub. Mainstream media is calling this move similar to what Donald Trump did last year in his race for the US presidency
Donald Trump promised to make the US a crypto capital of the world during his election campaign. Trump’s pro-crypto stance is one of the major reasons behind his election. Similarly, there is a high possibility that Nigel Farage will lead the UK after the upcoming elections with his pro-crypto stance. Meanwhile, the adoption and regulation of crypto are gaining traction, whether it’s by politics or by some other means
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