Nigel Farage’s Reform UK Surges Ahead With Pro-Crypto Agenda

Nigel Farage’s Reform UK has become the leading political force in Britain, marking a dramatic shift away from the country’s traditional two-party system. With the next general election scheduled for 2029, Reform UK is consistently topping national polls, positioning itself as a serious challenger to both Labour and the Conservatives. Seat projections suggest the party could become the largest force in a hung parliament, or even secure an outright majority, signaling a collapse in voter loyalty to the established parties.

Labour, which swept to power in 2024 after 14 years of Conservative rule, now faces sharp losses amid economic and political challenges. Meanwhile, the Conservatives are projected to fall to historic lows, leaving space for Farage’s Reform to rise. Central to this momentum is the party’s bold stance on cryptocurrency, which appeals to a growing demographic of digital asset holders disillusioned with current regulations.

The UK’s crypto community has long criticized the government’s approach, citing overregulation, unclear rules, and heavy taxation. The Financial Conduct Authority’s “same risk, same regulation” policy groups all crypto assets under high-risk investments, while every transaction—including crypto-to-crypto trades—remains taxable under Capital Gains Tax (CGT). With the tax-free CGT allowance cut from £12,300 in 2022 to just £3,000 in 2024, many see the system as hostile to innovation.

Reform UK’s proposed “Cryptoassets and Digital Finance Bill” promises major reforms. Key pledges include reducing CGT on digital assets to a flat 10%, banning banks from debanking crypto users, and even establishing a Sovereign Bitcoin Reserve Fund. The party has also become the first in the UK to accept cryptocurrency donations, underscoring its commitment to the sector.

This mirrors Donald Trump’s successful strategy in the 2024 U.S. election, where his pro-crypto stance helped secure strong support from digital asset owners. With around 12% of UK adults now holding crypto—up from 4% in 2021—Reform UK is tapping into a rapidly expanding voter base. If Farage remains the only mainstream leader championing digital assets, Reform could redefine UK politics by uniting economic populism with crypto-friendly policies.