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The debate over Europe’s digital money future has officially entered the French National Assembly. A new parliamentary resolution aims to block the creation of a central bank digital euro (CBDC), promote euro-backed stablecoins, and reopen discussions about Bitcoin’s role in national strategy.
EU’s stablecoin strategy is crystal clear control, compliance, and credibility. 🇪🇺
Under MiCA, only banks & EMIs can issue stablecoins.
– 1:1 reserves
– No yield
– Instant redemptionEurope is building a bank-led, euro-denominated rail modular, compliant, and ready to scale.… pic.twitter.com/1oV4u5xKxN
— Cyprx Research Lab Official (@CyprxResearch) October 26, 2025
Filed on October 22, 2025, by Éric Ciotti, the European resolution proposal No. 1984 calls for France to oppose a European Central Bank-issued digital euro and instead support privately issued, regulated stablecoins. The text, submitted to the European Affairs Committee, is not yet a law but serves as a strong political signal to the government and financial regulators.
A Break from the European Line
The motion represents a significant shift from the EU’s current trajectory. It urges France to advocate for a prudential framework for crypto exposure that deviates from Basel 2022 standards, enabling banks and institutions to use digital assets as collateral more flexibly.
“The idea is simple,” the proposal explains. “If we want a banking ecosystem capable of financing a tokenized economy, the rules must be compatible with those assets.”
Interestingly, the resolution cites the United States as a model, reflecting a belief that Europe no longer holds a monopoly on financial norms and that global competitiveness will depend on how nations embrace digital financial infrastructure.
Why Stablecoins Over a Digital Euro?
The French initiative mirrors lessons from the U.S. GENIUS Act, enacted on July 18, 2025, which established a clear regulatory framework for stablecoin issuers while effectively abandoning the idea of a Federal Reserve–issued digital dollar.
That law prioritized regulated private-sector stablecoins over a centralized CBDC, allowing banks and licensed nonbank entities to issue tokens backed by strictly supervised reserves. The approach preserves market-led innovation in payments while protecting consumers through prudential oversight , a balance Paris now seeks to emulate.
French lawmakers argue that encouraging euro-denominated stablecoins, anchored in domestic regulation, would help prevent “de facto dollarization” via USD-backed tokens such as USDC and USDT. “This is monetary policy by other means,” the text implies , a strategy to preserve European monetary sovereignty in the digital era.
Bitcoin Reenters the Political Arena
While the resolution itself does not call for state Bitcoin purchases, several lawmakers have floated the idea of France holding Bitcoin as a “strategic reserve asset”, potentially equal to 2% of total supply , a concept absent from the official text but growing in public discourse.
🟥 Exclusive @TheBigWhale_
A pro-crypto bill will be tabled today in the French Parliament by @partiudr led by @eciotti
This is the first time such a comprehensive text on the subject has been proposed in France. 🇫🇷
Here are the proposals, which fall into three main areas.
— Grégory Raymond 🐳 (@gregory_raymond) October 28, 2025
The notion aligns with proposals introduced in August to use surplus nuclear energy to mine Bitcoin, turning wasted megawatts into a liquid, tradable digital commodity. Although still theoretical, the plan positions Bitcoin mining as a national industrial strategy leveraging France’s low-carbon energy advantage.
Globally, the idea of strategic crypto reserves is gaining momentum, with early-stage initiatives emerging in Central Asia and Bhutan. Should the trend accelerate, countries with cheap, clean energy access could gain a geopolitical edge in the next wave of digital finance.
For now, France’s parliamentary move is symbolic , but it signals a potential turning point in Europe’s digital currency debate, where stablecoins and Bitcoin may increasingly compete with the digital euro for legitimacy and influence.
