UK politician and Reform UK leader, Nigel Farage, has proposed a bill seeking to stimulate the UK’s cryptocurrency market by implementing significant tax cuts on crypto gains and establishing a Strategic Bitcoin Reserve. The proposal was unveiled during the Digital Asset Summit 2025 in London. Farage emphasizes his support for cryptocurrency, advocating against central bank digital currencies and stablecoin regulations. The bill proposes a 10% flat capital gains tax on cryptocurrencies and the establishment of a Strategic Bitcoin Reserve using £5 billion in seized criminal assets to back its foundation. This initiative could attract global investors and potentially position the UK as a leader in the crypto market. However, government and regulatory responses remain unclear at this time. Farage aims to formalize these proposals if his party wins the next election, leading to significant changes within the UK’s approach to cryptocurrency.