Reform UK leader Nigel Farage has followed in the footsteps of U.S. President Donald Trump to accept crypto donations as political funding. The decision was announced at the Bitcoin Conference 2025,  where Farage positioned his party as the first in Europe to formally embrace digital assets as part of its campaign infrastructure. It marks a turning point in British politics, and signals Reform UK’s intention to align itself with a growing demographic that values decentralisation, transparency, and alternatives to legacy finance.

In this article, we explore Nigel Farage’s path to leading Reform UK and examine the significance of the party’s decision to accept crypto donations, as well as taking a brief look at the evolving landscape of crypto policy in the UK.

Who is Nigel Farage and what is Reform UK?

Nigel Farage has become one of the most recognizable and polarizing figures in British politics. Best known for his pro-Brexit stance and for being a driving force behind the Leave campaign, Farage has built a reputation as a disruptor of the modern “establishment”. His political message has consistently centered on sovereignty, independence and challenging the norm, principles that resonate with many in the crypto space. From his early days in UKIP to his central role in the Brexit referendum, Farage has repeatedly shown an ability to galvanise supporters and reshape the political conversation.

Reform UK, the successor to the Brexit Party, continues that strategy under a new name. The party brands itself as a challenger to legacy institutions, calling for streamlined governance, lower taxes, and greater personal autonomy.  By becoming the first political party in Europe to accept crypto donations, Reform UK isn’t just adopting a new funding mechanism, it is also signalling a decision to align itself with a broader movement that questions centralized control and champions technological innovation. 

Reform UK accepts crypto donations

Reform UK has officially begun to accept cryptocurrency donations. Following in the footsteps of Donald Trump, who also accepted donations in Bitcoin for his campaign, Nigel Farage’s embrace of crypto is a call to a new generation and demographic of voters. It is the first major political party on the continent to connect digital assets directly with political party funding, which is being done through a partnership with Radom, a U.K.-based Virtual Asset Service Provider (VASP). The Reform UK leader announced this decision at the Bitcoin Conference 2025 in Las Vegas on 29th May, where he stated it was a sign of his party aligning with blockchain ideals. 

But donations are just the start of the conversion. Farage and his party will continue to work on a series of crypto-friendly policies, including pushing for a dedicated Cryptocurrency and Digital Finance Bill, which would lower crypto capital gains tax to 10%, and even establishing a national Bitcoin reserve under the Bank of England. The payment processor in question, Radom, claims that the average crypto donation is around $6,000, making it 30 times larger than a typical fiat donation, suggesting a growing political will among digital asset holders to influence policy at the national level. 

Crypto in the UK. What’s the deal?

The UK is often a frontrunner when it comes to technological innovation. But progress has been somewhat slow and uneven regarding cryptocurrencies. While across the English Channel, the European Union has already implemented the MiCA Regulation, the UK seems to be dragging its feet. As of 2025, the Financial Conduct Authority (FCA) regulates crypto asset promotions and requires registration for crypto firms, but broader legislation around usage, taxation, and consumer protection is still fragmented. 

Stablecoins, an increasingly popular means for everyday payments worldwide, are being considered for integration into the mainstream financial system, and the Bank of England is actively exploring a central bank digital currency (CBDC), dubbed the Digital Pound. Whether or not Farage’s move gains traction in Parliament, it nonetheless adds pressure to the mainstream parties to move beyond verbal commitments and articulate a coherent, future-facing crypto policy.

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