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 (CRYPTO: BTC) 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” ECB
The 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 …
Full story available on Benzinga.com