Swiss Legislator Proposes Adding Bitcoin To Constitution
Swiss lawmaker Samuel Kullmann is leading efforts to include Bitcoin in the Swiss constitution. The legislator has pushed for a referendum that requires 100,000 signatures within 18 months to vote on adopting Bitcoin as part of the Swiss constitution. Porter talked about the proposal in detail on X, stating,
“I’m very excited about what is happening in Switzerland. I was able to speak in Switzerland in 2024 on a panel alongside @samuelkullmann who is a Swiss lawmaker doing incredible things to advance Bitcoin in the country. He informed me that he was pursuing an effort to add Bitcoin to the constitution. That effort would essentially entail collecting 100,000 signatures within 18 months to force the Cantons (states) to vote on adopting Bitcoin as part of the Swiss constitution. It will be a lot of work and I know it’s a long shot, but we need to be taking shots at the end zone now when we have the momentum.”
However, the Swiss National Bank is reluctant to buy and hold BTC if the central bank Chairman Thomas Jordan is to be believed. The bank’s skepticism comes amid growing calls to change Swiss laws and allow crypto to be added to the country’s reserves. Jordan stated in April 2024,
“We have not yet decided that we want to invest in Bitcoin for good reasons. Currency reserves are international payments. They have to be liquid. They have to be sustainable. And we have to be able to sell and buy them.