Nigel Farage Says Reform UK Will Take Crypto Donations, Pledges Pro-Bitcoin Legislation if Elected
Reform UK Becomes First Major British Political Party to Accept Cryptocurrency Donations
LAS VEGAS — May 29, 2025 — In a move that places the Reform UK party at the forefront of crypto politics in Britain, party leader Nigel Farage announced at the Bitcoin 2025 Conference that Reform UK is now accepting Bitcoin and other cryptocurrency donations.
Speaking to an international audience at the event, Farage declared, “We are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies.” The donation system is being powered by Radom, a crypto payments platform that will help streamline the process and ensure regulatory compliance.
This makes Reform UK the first major UK political group to adopt crypto fundraising, a notable shift amid the dominance of the Conservative and Labour parties — which currently hold the vast majority of seats in Parliament.
Farage’s Pro-Crypto Stance Gains Momentum
Farage leaned into his party’s anti-establishment and pro-innovation messaging, using his platform to contrast the UK’s slower crypto uptake with America’s rapid integration. “We’re way behind you in America,” Farage admitted, adding that the Reform Party’s shift toward crypto donations is just the beginning.
In 2023, Farage made headlines after being debanked in the UK, citing political bias and financial exclusion. That experience, he noted, catalyzed his embrace of decentralized finance.
Farage pledged that if Reform UK gains power in the next general election (scheduled before August 2029), the party will introduce a “Cryptoassets and Digital Finance Bill” designed to bring the UK’s regulatory framework into the modern age.
Proposed National Bitcoin Reserve and Anti-CBDC Measures
During the conference, Farage laid out further crypto-forward policies:
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Creation of a national Bitcoin reserve at the Bank of England, signaling a potential long-term state investment in digital assets.
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Firm opposition to any UK Central Bank Digital Currency (CBDC), citing privacy and control concerns.
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Alignment with U.S. pro-crypto politics, including vocal support for Donald Trump’s crypto stance.
“Seven million people in Britain have crypto assets. One in four people under 30 own crypto,” Farage emphasized. “This isn’t niche anymore.”
Current Parliamentary Position and Political Landscape
Following the July 2024 general election, Reform UK controls five seats in the House of Commons. Though dwarfed by Labour’s 403 seats and the Conservatives’ 120, Reform’s positioning as a disruptive, tech-forward party may appeal to a younger, digitally native electorate.
This pivot to crypto could mark a new chapter in UK political fundraising, drawing support from the growing population of retail and institutional crypto holders.
Regulatory Context: Labour’s Safe Harbor Proposal
Earlier this year, the Labour government proposed a policy framework to make the UK a “safe harbor” for digital asset innovation. If implemented, crypto exchanges and dealers would be regulated under the same standards as traditional financial institutions.
This backdrop sets the stage for a broader political contest over how digital finance should be governed in Britain, with Farage’s Reform UK now claiming the most aggressive crypto stance among UK parties.
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