'I Am Your Champion': Trump Ally Nigel Farage Postures As The Crypto Industry's Man In The UK

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Reform UK leader Nigel Farage may be taking a page from President Donald Trump‘s campaign playbook.

“Whether you like or dislike many of the political positions that I’ve taken over the course of the last three decades is frankly irrelevant,” Farage told cryptocurrency industry participants at Digital Asset Summit 2025 London on Oct. 13. “When it comes to your industry, when it comes to growth in this industry, then I am your champion, and I do make things happen, and I do make things change, and I will go on doing so.”

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Farage claimed to have convinced Bank of England Governor Andrew Bailey in a recent meeting to do away with proposed limits on the stablecoin holdings of individuals and businesses.

The central bank told Benzinga that Farage indeed met with Bailey last month, as widely reported by several media outlets, but declined further comment.

BoE Deputy Governor Sarah Breeden recently said that proposed stablecoin limits are temporary. “We would expect to remove the limits once we see that the transition no longer threatens the provision of finance to the real economy,” she said.

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Meanwhile, Farage told DAS 2025 London that the U.K. government was not talking about cryptocurrency regulations “at all.” He added that Reform UK would change that “very quickly” if successful at the polls, pointing to the party’s Crypto Assets and Digital Finance Bill unveiled in May.

Despite Farage’s remarks, Chancellor of the Exchequer Rachel Reevesunveiled a draft cryptocurrency legislation and suggested collaboration with the U.S. on the issue in April.

Farage also threw his weight behind a U.K. Bitcoin strategic reserve, stating that the country should build up from a recently seized £5 billion ($6.7 billion) worth of Bitcoin.

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The U.K. has thrived as a financial hub thanks to its ability to innovate, Farage said. He suggested that cryptocurrencies and blockchain technology are the next big frontier, warning that the country risked “being left behind.”

Farage’s recent remarks come as he nurses ambitions of becoming the U.K.’s next prime minister.

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Trump, Farage’s ally, ran a similar pro-cryptocurrency campaign, promising favorable regulations and a national Bitcoin stockpile. The rhetoric attracted millions of dollars in campaign donations from the cryptocurrency industry.

However, compared to Trump, Farage may face a more uphill battle in the U.K. general election. Reform UK took over 14% of the vote in the 2024 general elections, but this only secured the party five out of the 650 parliamentary seats.

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This article 'I Am Your Champion': Trump Ally Nigel Farage Postures As The Crypto Industry's Man In The UK originally appeared on Benzinga.com

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