crypto.news 2025-05-29 16:09:54

UK’s Farage push Trump-like crypto policy to make Britain a ‘crypto powerhouse’

UK Reform Party leader Nigel Farage is unveiling a Trump-style crypto reform plan aimed at making the UK a global crypto powerhouse. Nigel Farage is betting big on crypto. At the Bitcoin 2025 conference in Las Vegas, the Reform UK leader will announce a bold legislative proposal to make Britain a “crypto powerhouse” — a move aimed squarely at younger voters and digital asset enthusiasts, according to Bloomberg reporting . The bill, which Farage says is ready to be introduced if his party wins power, includes slashing capital gains tax on crypto investments from 24% to 10%, creating a two-year regulatory sandbox for crypto firms in the City of London, and banning financial discrimination against crypto users. Reform says this is the first fully drafted bill it has released, signaling the party’s intent to broaden its policy credentials ahead of the next general election. You might also like: Solana compresses near resistance, breakout to $241 likely if confirmed Following Donald Trump’s lead? Farage’s initiative mirrors U.S. President Donald Trump’s recent pro-crypto pivot . Trump has embraced digital assets to energize younger voters, with his son Eric recently declaring support for Bitcoin ( BTC ) as a way to disrupt the traditional banking system. Farage, a longtime ally of Trump, appears to be following the same playbook — framing crypto as a form of financial self-sovereignty and rebellion against central control. Farage’s crypto past includes promoting digital assets through a now-defunct investment newsletter, and he’s been vocal in opposing central bank digital currencies like the Bank of England’s proposed “Britcoin.” He calls Bitcoin a “peaceful revolt” against inflation and surveillance, per Bloomberg. Labour leader Keir Starmer criticized the move Thursday, likening Farage’s platform to the failed economic policies of Liz Truss. Still, Reform UK is gaining traction in the polls and outperformed Labour in recent local elections. The party will present the full bill to journalists Friday morning in London, marking its most serious policy rollout yet. You might also like: Elon Musk denies Telegram deal after Durov announces $300m xA integration