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Swiss lawmaker Samuel Kullmann has taken a major step towards incorporating Bitcoin into the Swiss legal framework, asking for it to be included in the Swiss Constitution. In order to advance the idea, his initiative seeks a referendum for which 100,000 signatures must be collected within eighteen months.
If this approach were successful, it would trigger a parliamentary debate on the subject, thus confirming Bitcoin’s place in the national basic legal framework. Now the Swiss federal government is in a crucial phase of reviewing the proposal.
I am very excited about what is happening in Switzerland. I was able to speak in Switzerland in 2024 on the panel next door @samuelkullmann who is a Swiss legislator who is doing amazing things to advance Bitcoin in the country.
He informed me that he was trying to add… pic.twitter.com/NZF7SEM3ZC
— Dennis Porter (@Dennis_Porter_) January 1, 2025
In parallel with his constitutional campaign, Kullmann led initiatives to explore Bitcoin’s contribution to energy innovation. By a convincing 85 to 46 vote, the parliament of the canton of Bern recently adopted his move to investigate how Bitcoin mining will affect the local electricity grid.
The project seeks to evaluate how Bitcoin mining could use excess energy to improve grid stability, thus turning possible excess energy into a useful resource despite early government opposition.
Long known for his progressive stance on cryptocurrency, Swiss global reputation as a hub of blockchain innovators may be enhanced by Kullmann’s projects. While the Swiss public and lawmakers debate its long-term consequences, the integration of Bitcoin into national and regional systems indicates not only a technological but also a cultural shift.
Beyond its speculative character, this movement aims to present Bitcoin as a solution to infrastructure efficiency and financial inclusion.
Globally, the debate surrounding Bitcoin’s role in national reserves is gaining momentum. According to CNFThe United States is leading initiatives in this area; countries like Germany and Hong Kong are considering similar routes.
Japan’s prime minister recently highlighted Bitcoin’s possible utility as a hedge during inflationary times, but expressed concern about the volatility of its price, which complicates its use as a foreign exchange treasury.