{"id":124763,"date":"2025-03-10T13:16:44","date_gmt":"2025-03-10T13:16:44","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124763"},"modified":"2025-03-10T13:16:44","modified_gmt":"2025-03-10T13:16:44","slug":"european-lawmakers-silent-on-us-bitcoin-reserve-amid-digital-euro-push","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124763","title":{"rendered":"European lawmakers silent on US Bitcoin reserve amid digital euro push"},"content":{"rendered":"

Source: Cointelegraph.com NewsEuropean lawmakers have remained silent on the United States\u2019 Strategic Bitcoin Reserve order, a landmark policy shift favoring early adopters of Bitcoin due to its economic model.
\nUS President Donald Trump\u2019s 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.
\nDespite the significance of this 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.
\nThis 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:
\n\u201cUsually 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.\u201d
\n\u201c[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,\u201d Plotnikova added.
\nMeanwhile, European lawmakers are preparing to launch the digital euro, a central bank digital currency (CBDC).
\nRelated: US Bitcoin reserve marks \u2018real step\u2019 toward global financial integration
\nDigital euro push presents payment infrastructure concerns
\nEuropean lawmakers\u2019 silence on Trump\u2019s 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.
\n\u201cThis stems from the ECB\u2019s firm stance against holding Bitcoin in its reserves, as reiterated by ECB President Christine Lagarde,\u201d Wo told Cointelegraph, adding:
\n\u201cThis highlights the EU\u2019s greater emphasis on the digital euro, though the recent outage in the ECB\u2019s Target 2 (T2) payment system, which caused significant transaction delays, raised concerns about its ability to oversee a digital currency when it struggles with daily operations.\u201d
\nRelated: Bitcoin reserve backlash signals unrealistic industry expectations
\nEuropean lawmakers push ahead with digital euro launch for October 2025
\nDespite skepticism, ECB President Christine Lagarde is pushing ahead with the digital euro\u2019s rollout, expected in October 2025. Lagarde has emphasized that the CBDC will coexist with cash and offer privacy protections to address concerns about government overreach.
\n\u201cThe European Union is looking to launch the digital euro, our central bank digital currency, by October this year,\u201d Lagarde said during a press conference, adding:
\n\u201cWe are working to ensure that the digital euro coexists with cash, addressing privacy concerns by making it pseudonymous and cash-like in nature.\u201d
\nSource: CointelegraphThe United States and the European Union are taking opposite approaches to digital assets. While the EU is working to integrate a centralized digital currency, Trump has taken a firm stance against CBDCs.
\nWhile CBDCs have been praised for their potential to increase financial inclusion, critics have raised concerns about their surveillance capabilities and the potential for government overreach.
\nIn July 2023, Brazil\u2019s central bank published the source code for its CBDC pilot, and it took just four days for people to notice the surveillance and control mechanisms embedded within its code, allowing the central bank to freeze or reduce user funds within CBDC wallets.
\nMagazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler\u2019s Digest, Feb. 23 \u2013 Mar. 1Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsEuropean lawmakers have remained silent on the United States\u2019 Strategic Bitcoin Reserve order, a landmark policy shift favoring early adopters of Bitcoin due to its economic model. US… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124763"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124763"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124763\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124763"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}