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Author: Admin | 2025-04-27
Within the first week of his inauguration, President Donald Trump signed an executive order that included a directive to evaluate the creation of a "strategic national digital assets stockpile." The Federal Reserve has also shunned plans to create a central bank digital currency, setting a conducive ecosystem for cryptocurrencies to grow.However, the move has sharply contrasted with the policy of the European Central Bank, which ruled out adding digital assets to monetary frameworks. One of the ECB's fiercest critics, Sarah Knafo, a European Parliament member from France, spoke with Benzinga about how Europe was missing out on an impending "revolution" by ignoring Bitcoin BTC/USD and clinging to inflationary fiat currencies. Knafo belongs to the French-nationalist Reconquête party, which was founded in late 2021. She was elected to the European Parliament in 2024 and currently serves as the Vice-Chair of the Europe of Sovereign Nations Group.The Fight Against “Totalitarian” ECBThe European lawmaker said Bitcoin was a response to the "galloping" inflation in Europe. "Public deficit leads to monetary creation, which creates inflation, which leads to chaos. Because of these poor political choices, our traditional currencies have only collapsed for decades, while that of Bitcoin only strengthens," Knafo stated, aligning with the arguments of Bitcoin maximalists. In a recent address to the European Parliament, Knafo slammed the idea of a digital euro and backed the creation of a strategic Bitcoin reserve. "I am going to fight the digital euro, this totalitarian temptation of the ECB, by alerting public opinion," Knafo said. "I will do everything my status as a member of Parliament allows me to do."See Also: Hold Dogecoin Until March 24, Says Top Crypto Trader Expecting ‘Nice Pumps:’ But Look Out For These ‘Sell’ SignalsECB, on the other hand, states on its website that the digital euro will provide a higher level of privacy than other digital payment systems and that the infrastructure provider won’t be able to connect transactions to individuals. The central bank declined to categorically respond to Knafo’s accusations.Regarding Bitcoin, ECB President Christine Lagarde said last month that the leading cryptocurrency does not align with its standards for
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