UK Chancellor of the Exchequer John Healey has criticized Reform UK leader Nigel Farage’s economic record and pro-crypto stance, comparing him with former Prime Minister Liz Truss during a Monday speech.
Healey said Farage was “Liz Truss with a Bitcoin account,” linking the Reform leader to Truss, whose time as prime minister ended after intense criticism of her debt-funded 2022 mini budget. The remark placed Bitcoin at the centre of a broader political attack over how Reform would manage the UK economy.
According to Bitcoin Magazine, Healey said Farage wanted voters to see him as “a man of the people,” but argued that his approach to the economy resembled Truss’s. Healey also said the Labour Party would seek to move the UK forward through fiscal discipline, employment and strong industries.
The phrase “Bitcoin account” was quickly challenged by members of the cryptocurrency community on X. The Simply Bitcoin account questioned what such an account meant, treating the wording as an unusual description from a senior British politician. The criticism shows how the comment was interpreted not only as an attack on Farage, but also as an imprecise reference to Bitcoin ownership or use.
Farage’s crypto position
Farage has promoted Bitcoin and other digital assets as issues connected to personal freedom and resistance to state control over money. He has held that position since at least 2020, according to the source material.
The Reform leader has also said that he was debanked by the private British bank Coutts. He has described that experience as a factor behind his increased interest in digital assets.
At the Bitcoin 2025 Conference in Las Vegas last year, Farage said he would reduce crypto capital-gains taxes if elected prime minister. He also said he would require the Bank of England to create a Bitcoin reserve. Those proposals have helped make cryptocurrency a visible part of his political platform.
Donations and police investigation
Farage has faced criticism over millions of dollars in crypto donations received from technology entrepreneur and Tether investor Christopher Harborne, as well as Ben Delo, a founder of the now-closed BitMEX crypto exchange.
The Metropolitan Police has opened an investigation into reports that Reform breached rules governing overseas donations. Reform denies wrongdoing and says it will cooperate with the inquiry. The allegations and investigation provide the immediate political context for renewed scrutiny of Farage’s relationship with the crypto industry.
Bitcoin market picture
Moneyiar market data recorded on September 25, 2026, at 22:04 +03:30, showed Bitcoin at $83,820.0482, down 0.61% over 24 hours but up 3.20% over seven days. Other listed digital assets were mixed to higher: FORM was $0.3086832278, up 1.20% in 24 hours and 15.81% over seven days; Aethir was $0.0061506859, up 3.11% and 24.38%; and RedStone was $0.1730182152, up 7.61% and 18.40%, respectively. These figures are Moneyiar data at the stated time.
