European Lawmakers Quiet on U.S. Bitcoin Reserve Amid Digital Euro Focus

EU’s Silence on U.S. Bitcoin Reserve Initiative

European lawmakers have not publicly commented on U.S. President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve. This order aims to integrate Bitcoin into the United States’ financial framework by utilizing cryptocurrency assets seized in criminal cases.

ECB’s Stance on Bitcoin as a Reserve Asset

The European Central Bank (ECB) has historically been critical of Bitcoin as a reserve asset. ECB President Christine Lagarde has stated that Bitcoin will not be included in the ECB’s reserves during her term, which ends in 2027.

Progress and Challenges in the Digital Euro Initiative

The ECB is advancing its plans to introduce a digital euro, a central bank digital currency (CBDC), with a targeted launch in October 2025. This initiative aims to provide a secure and efficient digital payment option for the Eurozone. However, recent technical issues, such as an outage in the ECB’s Target 2 payment system causing significant transaction delays, have raised concerns among European lawmakers about the ECB’s ability to manage a digital currency.