Samson Mow, CEO of JAN3 and former Blockstream strategist, has been officially invited by French lawmakers, specifically MP Sarah Knafo, to spearhead Bitcoin adoption and policy discussions across Europe, starting with France. This invitation marks a significant governmental endorsement of Bitcoin, highlighting France's interest in integrating Bitcoin into its national financial systems.
The initiative aims to enhance Bitcoin's market presence and could influence future European regulatory frameworks. Following the announcement, BTC/EUR trading volume increased by 9%, with volumes on exchanges like Kraken surpassing $3.2 billion, indicating heightened market optimism and financial engagement.
Further talks between Mow and French officials are exploring the establishment of a nation-state Bitcoin reserve, a move that parallels El Salvador's 2021 Bitcoin adoption, which previously triggered price surges and increased trading activity. The discussions remain exploratory but could lead to public-private partnerships and new cryptocurrency industry standards within European markets.
France’s engagement with Bitcoin represents a push towards legitimizing and integrating cryptocurrency at a state level, potentially setting a precedent for digital economic strategies across Europe by leveraging technologies such as the Lightning Network to facilitate real-world Bitcoin transactions.
The planned move reflects a strong shift towards institutional recognition, with France possibly becoming the first major European nation to formalize Bitcoin adoption at this scale.