Sarah Knafo said it is time to stop the “totalitarian temptations” of the EU Central Bank and embrace the decentralized asset Bitcoin (BTC).
The EU jurisdiction is a very large region for the crypto space. Central government agencies have been implementing crypto-focused rules and laws in step by step phases to regulate the crypto sector in EU countries. In the past, many times, the central bank of the European Union also showed hatred against cryptocurrencies, but praised blockchain technology as the best technology for future payment systems.
On December 17, 2024, Sarah Knafo, a French magistrate and member of the European Parliament since June, shared a clip of her statement on Bitcoin.
She wrote “no to the digital euro (CBDC)” and yes to the “adoption of the Bitcoin reserve.”
In the shared video clip, he stated that it is time to stop the “totalitarian temptations” of the European Central Bank and should focus on the adoption of the decentralized asset Bitcoin instead of limiting itself to regulatory overreach in the crypto space.
Additionally, Knafo compared the evolution of EU digital asset regulation globally by drawing attention to Bitcoin bull country El Salvador and the growing pro-bitcoin wave in the US jurisdiction and among political leaders. Americans.
He also noted that US Federal Reserve Chairman Jerome Powell called Bitcoin “digital gold” in 2023, but on the other hand, regulatory bodies in EU countries are mainly focused on regulation, taxes and the stifling of innovation.
In summary, we can say that a member of the EU parliament said that the EU is lagging behind in the race for Bitcoin adoption, while other countries are advancing rapidly.
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The current trading price of Bitcoin (BTC), the leading crypto asset by market cap, is $106,146 and this price level is 9.8% higher in the last 7 days of the trading period.
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