Sarah Knafo urges the EU to adopt a Bitcoin reserve and reject the digital euro, citing financial freedom concerns.
Knafo highlights Bitcoin’s decentralization as a counter to economic mismanagement and risks posed by centralized currencies.
Trump’s rumored Bitcoin strategy influences Europe’s political landscape, sparking debates on freedom and innovation in financial systems.
Sarah Knafo, a French magistrate and European Parliament member has urged the European Union to adopt a strategic Bitcoin reserve. Speaking to lawmakers, she dismissed the digital euro proposal, describing it as a tool for control that could erode financial freedom. Knafo emphasized Bitcoin's decentralization, framing it as a safeguard against economic mismanagement. Her speech has sparked widespread debate on the future of Europe’s financial systems.
https://twitter.com/BTC_Archive/status/1868985947641241794
Criticism of Europe’s Crypto Policies
Knafo took a strong stance against Europe’s approach to cryptocurrency, criticizing its emphasis on taxation and strict regulations. She compared this strategy unfavorably to El Salvador’s Bitcoin success story and praised U.S. Federal Reserve Chair Jerome Powell for referring to Bitcoin as “digital gold.” Knafo warned that restrictive European policies could hinder innovation and lead to missed opportunities in the global crypto landscape.
Additionally, she highlighted the global shift toward crypto adoption, citing Donald Trump’s rumored pro-Bitcoin stance as a pivotal development. Knafo argued that Europe’s current focus on control could cause it to fall behind countries embracing financial innovation.
Decentralization as a Solution
Knafo voiced significant concerns about the digital euro, describing it as a threat to democracy and individual privacy. She warned that centralized digital currencies could enable authorities to monitor transactions and suppress dissent. Knafo urged lawmakers to prioritize decentralization, advocating Bitcoin as an alternative that empowers citizens.
Highlighting Bitcoin’s potential to combat inflation and ensure financial independence, Knafo encouraged the EU to rethink its stance. She underscored the importance of preparing for a decentralized financial future, as global powers like the United States increasingly favor crypto-friendly policies.
Europe Faces a Financial Crossroads
As the European Central Bank considers the digital euro’s future, Knafo’s remarks challenge the region’s financial leaders to rethink their priorities. She emphasized the need to balance regulatory oversight with innovation and creativity. With Trump’s rumored Bitcoin strategy influencing global politics, Knafo’s call for a strategic Bitcoin reserve adds pressure on European leaders to act decisively.
Knafo’s appeal highlights the urgent need for Europe to embrace financial decentralization or risk falling behind in the evolving global economy. The decision will significantly impact the continent's financial independence and innovation trajectory.
