Speaking at the Digital Asset Summit 2025 in London, Farage said that there is no regulated market for crypto in the UK right now.

He called for "sensible regulation, not the ludicrous regulation we now have on equities and elsewhere" in the country. 

"This whole area of digital assets and crypto just isn't being talked about at all," Farage said.

"We've got no regulated market. You need some regulation—a sensible level of regulation."

He added:

"My deep frustration—despite one speech by [ex-UK Prime Minister Rishi Sunak] on this, the government of today has done nothing in this area."

The former leader of the Conservative Party Rishi Sunak, who was PM from 2022 to 2024, said back in 2022 that he wanted the UK to be "a global crypto asset technology hub." 

Despite this, not a single major party mentioned crypto in their manifestos ahead of the 2024 elections in the UK. 

The co-founder of UK lobbying firm Athena Technologies, Conrad Young, in 2024 told Decrypt that this was "a significant missed opportunity."

Crypto is a key battle ground in the U.S. presidential election. But as the UK general election heats up, no major political party has taken a stance on the industry. Last week, the two major political parties in the UK published manifestos outlining their vision of the future. Across the combined 222 pages, there was not a single mention of crypto, blockchain, or CBDCs. In fact, broadening the search to include the three largest alternative UK political parties there is only one mention of thes...

Farage, an ally of U.S. President Donald Trump, is now pushing for a crypto-friendly framework in the country—and similarly is presenting himself as an advocate for crypto investors and builders in his country as he makes his case to potentially be future UK prime minister.