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The head of the Reform UK political faction, Nigel Farage, declared that the organization is welcoming Bitcoin and other cryptocurrency donations from eligible contributors.<\/p>\n
During his address at the Bitcoin 2025 event in Las Vegas on May 29, Farage mentioned that the party had initiated the acceptance of crypto donations. A blog entry from the crypto payments platform Radom stated<\/a> that Reform would utilize the platform for processing donations, thus becoming the first prominent party to do so amongst the Conservative and Labour parties, which dominate the UK\u2019s House of Commons.<\/p>\n \u201c[A]s of now, we are the initial political party in Britain that can accept contributions in Bitcoin and other cryptocurrencies,\u201d Farage remarked. \u201cWe\u2019re significantly trailing you in America, but as of this moment, individuals with Bitcoin can donate to us as long as they\u2019re eligible.\u201d<\/p>\n Farage participated at the Bitcoin conference, sharing his encounters with being debanked in the UK<\/a> in 2023 and outlining Reform\u2019s intention to introduce a \u201cCryptoassets and Digital Finance Bill\u201d if the party secures control of the government in the forthcoming general election in the UK, anticipated before August 2029. Reform UK currently holds five seats in the House of Commons following the July 2024 election \u2014 a substantial deficit compared to Labour’s 403 seats and the Conservatives’ 120 seats.<\/p>\n Among Farage\u2019s additional suggested policies at the event included the establishment of a Bitcoin (BTC<\/a>) reserve at the Bank of England and opposing any initiatives to implement a central bank digital currency (CBDC) in the UK. The Reform leader also expressed his approval of US President Donald Trump\u2019s cryptocurrency policies, presenting at the same conference alongside two of his sons and numerous supporters.<\/p>\n \u201cSeven million individuals in Britain possess crypto assets, one in four individuals under 30 have crypto assets,\u201d remarked Farage.<\/p>\n Related: <\/strong><\/em>UK FCA solicits public feedback on stablecoin, crypto custody regulations<\/strong><\/em><\/a><\/p>\nProposals for a UK Bitcoin reserve<\/h2>\n