French lawmakers urge the EU to establish a strategic Bitcoin reserve

ChainCatcher news, Member of the European Parliament (MEP) Sarah Knafo from France delivered a speech urging the EU to adopt a "strategic Bitcoin reserve" as part of broader measures to promote financial autonomy and combat inflationary pressures. Knafo is a French local judge and a member of the Court of Auditors, with a background in public service and political consulting.

In her parliamentary speech, Knafo cited global examples, including El Salvador's early adoption of Bitcoin, as well as statements from political figures like Trump and Federal Reserve Chairman Powell, emphasizing that the wave of institutional acceptance of Bitcoin is on the rise. She asserted that the EU's current financial strategy places member states at a disadvantage in the rapidly evolving monetary landscape and criticized existing regulatory measures as overly stringent.

She continued to advocate for the EU's burgeoning Bitcoin mining industry, stating that France's nuclear energy infrastructure could provide a competitive advantage. Knafo also discussed the necessity of adjusting current tax policies, urging lawmakers to "stop taxing cryptocurrency holders" and emphasizing that holders of crypto assets take personal risks to create wealth.