Related: US Bitcoin reserve marks ‘real step’ toward global financial integrationDigital euro push presents payment infrastructure concernsEuropean lawmakers’ silence on Trump’s Bitcoin reserve order is likely due to its focus on the digital euro, according to James Wo, the founder and CEO of venture capital firm DFG.“This stems from the ECB’s firm stance against holding Bitcoin in its reserves, as reiterated by ECB President Christine Lagarde,” Wo told Cointelegraph, adding:“This highlights the EU’s greater emphasis on the digital euro, though the recent outage in the ECB’s Target 2 (T2) payment system, which caused significant transaction delays, raised concerns about its ability to oversee a digital currency when it struggles with daily operations.”Related: Bitcoin reserve backlash signals unrealistic industry expectationsEuropean lawmakers push ahead with digital euro launch for October 2025Despite skepticism, ECB President Christine Lagarde is pushing ahead with the digital euro’s rollout, expected in October 2025.
Lagarde has emphasized that the CBDC will coexist with cash and offer privacy protections to address concerns about government overreach.“The European Union is looking to launch the digital euro, our central bank digital currency, by October this year,” Lagarde said during a news conference, adding:“We are working to ensure that the digital euro coexists with cash, addressing privacy concerns by making it pseudonymous and cash-like in nature.”Source: CointelegraphThe United States and the European Union are taking opposite approaches to digital assets.
She said:“Usually there is a very clear legislative or executive process in adding different assets to the national treasuries, and in many cases, it is not an active voter or central bank support to push this through.”“[The] ECB [European Central Bank] historically and currently is very critical of BTC as a reserve asset, so it effectively closes the doors to all EU member states,” Plotnikova added.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Zoltan Vardai
The story "European lawmakers silent on US Bitcoin reserve amid digital euro push" has 504 words across 15 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "European lawmakers silent on US Bitcoin reserve amid digital euro push" was covered 11 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 651 news stories per day.
It's most recent story was published 9 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Positive, indicating that people regard this as "good news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
