{"id":29559,"date":"2025-05-31T06:16:45","date_gmt":"2025-05-31T06:16:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29559"},"modified":"2025-05-31T06:16:45","modified_gmt":"2025-05-31T06:16:45","slug":"farage-calls-for-bitcoin-reserve-and-an-end-to-crypto-bank-bans","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29559","title":{"rendered":"Farage Calls for Bitcoin Reserve and an End to Crypto Bank Bans"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Nigel Farage isn\u2019t just stirring things up in British politics anymore. Now he\u2019s trying to shake up the entire financial system. At the Bitcoin 2025 conference in Las Vegas, the Reform UK leader dropped a set of proposals that sound more like a crypto manifesto than a typical campaign pitch.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He\u2019s calling it the \u201cCrypto Assets and Digital Finance Bill,\u201d and it\u2019s packed with bold ideas to make the UK a <\/span><span data-preserver-spaces=\"true\">digital asset hub<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">The plan includes slashing crypto taxes, <\/span><span data-preserver-spaces=\"true\">building<\/span><span data-preserver-spaces=\"true\"> a national Bitcoin reserve, and <\/span><span data-preserver-spaces=\"true\">banning<\/span><span data-preserver-spaces=\"true\"> banks from cutting off <\/span><span data-preserver-spaces=\"true\">people just<\/span><span data-preserver-spaces=\"true\"> because they use crypto.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">And just as Farage was making waves in Vegas, President Trump lit a fuse back home by announcing new tariffs on China, turning up the pressure on global markets. That backdrop made Farage\u2019s speech feel more timely than anyone probably expected.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Slashing Crypto Tax to 10 Percent<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Let\u2019s start with the part that grabbed everyone\u2019s attention. <\/span><span data-preserver-spaces=\"true\">Farage wants to <\/span><span data-preserver-spaces=\"true\">cut<\/span><span data-preserver-spaces=\"true\"> capital gains tax on crypto profits from as high as 24 percent <\/span><span data-preserver-spaces=\"true\">down<\/span><span data-preserver-spaces=\"true\"> to a flat 10 percent.<\/span><span data-preserver-spaces=\"true\"> His reasoning? <\/span><span data-preserver-spaces=\"true\">The current tax setup <\/span><span data-preserver-spaces=\"true\">just pushes<\/span><span data-preserver-spaces=\"true\"> people to avoid reporting or <\/span><span data-preserver-spaces=\"true\">move<\/span><span data-preserver-spaces=\"true\"> their money to <\/span><span data-preserver-spaces=\"true\">places<\/span><span data-preserver-spaces=\"true\"> with <\/span><span data-preserver-spaces=\"true\">better<\/span><span data-preserver-spaces=\"true\"> rules.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Let\u2019s get the British economy into the 21st century.<\/p>\n<p>Read Reform UK\u2019s Cryptoassets and Digital Finance Bill. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f1ec-1f1e7.png\" alt=\"\ud83c\uddec\ud83c\udde7\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/27a1.png\" alt=\"\u27a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/5QytUV1p1V\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/5QytUV1p1V<\/a> <a href=\"https:\/\/t.co\/pfqdAxhHPe\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/pfqdAxhHPe<\/a><\/p>\n<p>\u2014 Nigel Farage MP (@Nigel_Farage) <a href=\"https:\/\/twitter.com\/Nigel_Farage\/status\/1928370118465098191?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">He says this isn\u2019t about helping the wealthy skirt taxes. It\u2019s about making the system easier to follow so people actually follow it. It\u2019s also a signal that the UK should stop pushing innovation out the door and start competing with countries like Portugal, which already treat crypto more favorably.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Bitcoin Reserve? You Heard That Right<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Farage also floated the idea of creating a Bitcoin reserve at the Bank of England. That\u2019s not something you hear from many mainstream politicians, especially in the UK. But in his view, it makes sense.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He pitched it as a modern financial hedge. <\/span><span data-preserver-spaces=\"true\">Just <\/span><span data-preserver-spaces=\"true\">like<\/span><span data-preserver-spaces=\"true\"> central banks hold gold, why not hold a <\/span><span data-preserver-spaces=\"true\">little<\/span><span data-preserver-spaces=\"true\"> Bitcoin?<\/span><span data-preserver-spaces=\"true\"> Countries like El Salvador have already gone down that path. Farage wants Britain to be next.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Taking On the Banks<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This part came with some personal fire. Farage recalled when his bank account with Coutts was shut down in 2023, and said thousands of people dealing with crypto have faced the same treatment.<\/span><\/p>\n<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_683a9cc4bda5b\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_683a9cc4bda5b-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_683a9cc4bda5b-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_683a9cc4bda5b-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_683a9cc4bda5b-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_683a9cc4bda5b-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_683a9cc4bda5b-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_683a9cc4bda5b-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_683a9cc4bda5b-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_683a9cc4bda5b-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_683a9cc4bda5b-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_683a9cc4bda5b-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_683a9cc4bda5b-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">His bill would make it illegal for banks to discriminate against legal crypto users. If your money\u2019s clean and your activity\u2019s legal, banks shouldn\u2019t be allowed to lock you out. <\/span><span data-preserver-spaces=\"true\">He\u2019s turning his own experience into policy, and that could resonate with a growing number of voters who have <\/span><span data-preserver-spaces=\"true\">run into<\/span><span data-preserver-spaces=\"true\"> the same <\/span><span data-preserver-spaces=\"true\">walls<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Reform UK Gets the Crypto Treatment<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">To prove he\u2019s serious, Farage also announced that Reform UK is now accepting crypto donations. Bitcoin, Ethereum, Solana, and even USDC are all fair game. Their site is already set up to handle it, and they\u2019re sticking to election laws by requiring full donor verification.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Zia Yusuf, the party chairman, added that they\u2019re exploring the idea of <\/span><span data-preserver-spaces=\"true\">letting<\/span><span data-preserver-spaces=\"true\"> people pay taxes in <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> and even creating a sovereign wealth fund backed by digital assets.<\/span><span data-preserver-spaces=\"true\"> It\u2019s ambitious, but the signal is clear. They\u2019re not treating crypto as a gimmick. It\u2019s baked into their platform.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Right Time, Right Topic?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With Trump accusing China of breaking trade agreements and threatening new tariffs, markets are already on edge. <\/span><span data-preserver-spaces=\"true\">Farage\u2019s crypto-first pitch landed in the middle of all <\/span><span data-preserver-spaces=\"true\">that,<\/span><span data-preserver-spaces=\"true\"> as more people <\/span><span data-preserver-spaces=\"true\">start<\/span><span data-preserver-spaces=\"true\"> to look for alternatives to traditional finance.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Whether or not the UK follows through with any of this, the fact that crypto is now a talking point in national politics says a lot. Farage is forcing the conversation, and other parties might soon have to respond. Crypto is no longer just for techies and traders. It\u2019s officially on the political menu.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Nigel Farage unveiled a sweeping \u201cCrypto Assets and Digital Finance Bill\u201d proposing lower taxes, a Bitcoin reserve, and stronger protections for crypto users.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        He wants to slash <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">capital<\/span><span data-preserver-spaces=\"true\"> gains tax on crypto from 24% to 10%, aiming to make the UK more competitive with crypto-friendly nations.<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Farage proposed the Bank of England hold Bitcoin in reserve, calling it a modern hedge similar to gold.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bill would ban banks from closing accounts based on legal crypto activity, inspired by Farage\u2019s own banking experience.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Reform UK is now accepting crypto donations, reinforcing its commitment to digital assets as a core campaign issue.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/farage-calls-for-bitcoin-reserve-and-an-end-to-crypto-bank-bans\/\">Farage Calls for Bitcoin Reserve and an End to Crypto Bank Bans<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigel Farage isn\u2019t just stirring things up in British politics anymore. Now he\u2019s trying to shake up the entire financial system. At the Bitcoin 2025 conference in Las Vegas, the Reform UK leader dropped a set of proposals that sound more like a crypto manifesto than a typical campaign pitch. He\u2019s calling it the \u201cCrypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29559","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29559"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29559\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}