Reform UK Party to Accept Crypto Donations Amid Plans for Digital Asset Bill

The leader of the Reform UK political party, Nigel Farage, made a significant announcement at the Bitcoin 2025 conference in Las Vegas on May 29, signaling a major shift in the party's approach towards cryptocurrency and digital assets. In a bold move, Reform UK has begun accepting Bitcoin and other cryptocurrency contributions from eligible donors, marking the first time a major political party in Britain has done so.

Farage's announcement came as part of his speech at the conference, where he discussed his personal experiences with being debanked in the UK in 2023 and Reform UK's plans to introduce a "Cryptoassets and Digital Finance Bill" if the party wins control of government in the next general election in the UK. The bill is expected to be introduced before August 2029.

Reform UK currently controls five seats in the House of Commons, which is a significant gap between the 403 seats controlled by Labour and 120 seats held by the Conservatives. With this move, Reform UK is hoping to bridge that gap and make itself more attractive to voters who are interested in cryptocurrency and digital assets.

"As of now, we are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies," said Farage. "We're way behind you in America, but as of now, people with Bitcoin can give us money provided they're eligible."

Establishing a UK Bitcoin Reserve

In addition to accepting cryptocurrency donations, Reform UK has also proposed establishing a Bitcoin (BTC) reserve at the Bank of England. This move would mark a significant shift in the way that the Bank of England approaches digital assets and would put the UK in line with other countries such as Singapore and Switzerland.

Opposing Central Bank Digital Currencies

Farage also expressed opposition to any plans to introduce a central bank digital currency (CBDC) in the UK. This move would mark a significant departure from the current approach, which is focused on allowing private companies to operate in the space.

Support for US Crypto Policies

The Reform leader also signaled support for US President Donald Trump's crypto policies, appearing at the same conference as two of his sons and many supporters. This move suggests that Reform UK is looking to align itself with global leaders on issues related to cryptocurrency and digital assets.

What Does This Mean for the Future of Crypto in the UK?

The announcement by Reform UK marks an important step forward for cryptocurrency and digital assets in the UK. With a growing number of politicians and policymakers expressing interest in these technologies, it's clear that the future of crypto in the UK is looking bright.

How Will This Affect Voters?

The acceptance of cryptocurrency donations by Reform UK could have significant implications for voters who are interested in supporting parties that share their views on digital assets. With a growing number of voters expressing interest in these technologies, this move could help to increase support for Reform UK and other like-minded parties.