How Europe’s Right Wing Weaponized Crypto After Trump’s Election
European right-wing parties are adopting pro-crypto stances, mirroring Donald Trump's strategy to attract a growing base of digital asset owners.Summary
Following Donald Trump's integration of cryptocurrency into his campaign, right-wing political leaders across Europe are increasingly embracing digital assets to court crypto-aligned voters, drawn to Bitcoin's non-sovereign nature and limited state intervention.
In the UK, Nigel Farage's Reform Party has explicitly adopted this playbook, accepting crypto donations and proposing legislation to cap capital gains tax on crypto at 10%. Farage has also received speaking fees from entities linked to pro-Trump crypto advisors.
Similarly, France's far-right leader Marine Le Pen has reversed her earlier opposition to crypto, now supporting regulation and even proposing the use of surplus nuclear energy for Bitcoin mining. In Poland, Sławomir Mentzen of the New Hope party, who holds significant personal Bitcoin investments, campaigned on creating a Strategic Bitcoin Reserve and fostering a crypto-friendly regulatory environment, achieving a notable electoral showing.
These shifts reflect a strategic move by European conservatives to tap into the expanding and lucrative sector of digital asset owners, often mirroring policy proposals previously championed by Trump.
(Source：BeInCrypto)