UK leader Nigel Farage to Put a new “Crypto Bill” Before Parliament If His Party Wins

The leader of Reform UK, Nigel Farage, has announced plans to introduce sweeping cryptocurrency legislation if his party gains power. 

At The Bitcoin 2025 Conference in Las Vegas, Farage laid out his proposal to make the United Kingdom a global hub for digital assets, targeting both industry leaders and younger crypto users across the country.

Many people see it as a strategic effort to align with crypto-friendly policies similar to those recently promoted by U.S. presidential candidate Donald Trump.

Key Proposals in Farage’s Crypto Bill

Reducing the capital gains tax for cryptocurrency investors from the current 24% to 10% is one of the most headline-grabbing promises

This is designed to attract new investment into the UK’s digital finance sector and encourage existing holders to trade domestically.

This sandbox would give crypto startups a controlled environment in which to develop and test new technologies under temporary, relaxed regulations similar to successful models seen in Singapore and Switzerland.

Another key element is "Debanking." This refers to the practice of banks closing accounts simply because customers are involved in cryptocurrency transactions, even when those activities are fully legal.

Post-Brexit Vision Meets Political Pushback

Farage’s proposal is part of Reform UK's broader campaign to leverage the UK’s post-Brexit regulatory freedom. 

The party argues that more than seven million Britons now own cryptocurrency, most holders aged between 18 and 34. Reform UK sees this demographic as politically underserved and economically vital.

The announcement coincides with the ongoing global debate over crypto regulation. In the U.S., similar rhetoric from Trump has stirred conversations around national Bitcoin reserves. 

Farage seems to align with this opinion, seeing cryptocurrency as a political instrument as well as a money opportunity.

Prime Minister Keir Starmer criticized the proposed tax cuts, comparing them to the unfunded economic strategies of former PM Liz Truss. 

He warned that such plans could destabilize public finances if not carefully executed. Despite this, Reform UK plans to present the full text of the bill. 

And it will take place at a media briefing in London in the coming weeks. If passed, it could represent the most aggressive pro-crypto policy shift in UK history.