Reform UK party leader Nigel Farage announced that the political party will now accept Bitcoin and other cryptocurrency donations, positioning Reform UK as the first major British political group to formally embrace digital assets in its fundraising efforts.
Speaking at the Bitcoin 2025 conference in Las Vegas on May 29, Farage revealed that Reform UK had partnered with crypto payments platform Radom to facilitate digital donations. According to Radom, this makes Reform UK the only major party in Britain currently accepting crypto contributions—setting it apart from both the Conservative and Labour parties, which dominate the UK’s Parliament. As of now, we are the first political party in Britain who can accept donations in Bitcoin and other cryptocurrencies, Farage declared. We’re way behind you in America, but as of now, people with Bitcoin can give us money provided they’re eligible.
Farage also used the platform to outline his party’s forward-looking digital finance agenda. He pledged that, if Reform UK gains control in the next general election—expected before August 2029—it would introduce a Cryptoassets and Digital Finance Bill aimed at providing regulatory clarity and encouraging innovation.
The former UKIP leader recounted his personal experience of being “debanked” in the UK in 2023, tying it to broader concerns around financial freedom and privacy—central themes in the global crypto conversation.
A modest yet symbolic presence in Parliament
While Reform UK currently holds just five seats in the House of Commons following the July 2024 election, Farage’s appearance and messaging at the international Bitcoin event reflect a strategic effort to appeal to younger, tech-savvy voters and position the party as a champion of individual financial autonomy.
For comparison, Labour controls 403 seats and the Conservatives 120 leaving Reform UK with a long path to electoral dominance. Still, Farage’s participation in the conference suggests a desire to play a larger role in shaping UK policy on digital assets.
Farage didn’t stop at fundraising and legislation. He also proposed that the Bank of England establish a Bitcoin reserve, signaling his belief in Bitcoin as a sovereign asset rather than a speculative tool. Additionally, he reaffirmed his party’s strong opposition to the introduction of a central bank digital currency (CBDC) in the UK, aligning with a growing segment of crypto proponents who view CBDCs as a threat to personal financial privacy. Seven million people in Britain have got crypto assets one in four people under 30 have got crypto assets, Farage said, emphasizing the growing importance of the sector in British society.
His remarks come at a time when the UK’s Labour government is seeking to modernize financial regulation. In May, it proposed a framework aimed at positioning the country as a “safe harbor” for crypto innovation. Under the proposal, crypto exchanges and service providers would be regulated similarly to traditional financial institutions.
Farage’s pro-crypto positioning and international engagement also appear aligned with U.S. President Donald Trump’s increasingly crypto-friendly policies Farage shared the stage with Trump’s sons and several prominent American crypto advocates during the conference.
