European lawmakers silent on US Bitcoin reserve amid digital euro push
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European lawmakers have remained silent on the US Strategic Bitcoin Reserve order, a landmark policy shift favoring early adopters of Bitcoin due to its economic model. US President Donald Trump’s March 7 executive order outlined a plan to create a Bitcoin reserve using cryptocurrency seized in criminal cases rather than purchasing Bitcoin (BTC) on the market. Despite the significance of the move, European policymakers have yet to make any major public statements regarding Bitcoin reserves, raising questions about their stance on integrating BTC into national reserves. This may signal a lack of European Bitcoin reserve-related efforts due to the lengthy process of adding new national reserve assets, according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum. She said: “Usually there is a very clear legislative or executive process in adding different assets to the national treasuries, and in many cases, it is not an active voter or central bank support to push this through.” “[The] ECB [European Central Bank] historically and currently is very critical of BTC as a reserve asset, so it effectively closes the doors to all EU member states,” Plotnikova added. Meanwhile, European lawmakers are preparing to launch the digital euro, a central bank digital currency (CBDC). Related: US Bitcoin reserve marks ‘real step’ toward global financial integration Digital euro push presents payment infrastructure concerns European lawmakers’ silence on Trump’s Bitcoin reserve order is likely due to its focus on the digital euro, according to James Wo, the founder and CEO of venture capital firm DFG. “This stems from the ECB’s firm stance against holding Bitcoin in its reserves, as reiterated by ECB President Christine Lagarde,” Wo told Cointelegraph, adding: “This highlights the EU’s greater emphasis on the digital euro, though the recent outage in the ECB’s Target 2 (T2) payment system, which caused…
Filed under: News - @ March 11, 2025 6:27 am