According to ChainCatcher, French Member of the European Parliament (MEP) Sarah Knafo 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 local judge in France and a member of the Court of Auditors, with a background in public service and political consulting.
In her speech to Parliament, Knafo cited global examples, including El Salvador's early adoption of Bitcoin, as well as statements from political figures like Trump and Federal Reserve Chair Powell, highlighting the rising wave of institutional acceptance of Bitcoin. She asserted that the EU's current financial strategy puts member states at a disadvantage in the rapidly evolving monetary landscape and criticized existing regulatory measures as overly strict.
She continues to advocate for the thriving Bitcoin mining industry in the EU, stating that France's nuclear energy infrastructure can 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.
