French MP Éric Ciotti and the center-right UDR party introduce a bill to acquire 420,000 Bitcoin over 7-8 years, funded by nuclear-powered mining, seized crypto assets, and citizen savings accounts. If passed, France would become Europe's first nation to hold Bitcoin as a strategic reserve.

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A pro-crypto bill backed by France’s UDR party proposes a national Bitcoin strategic reserve, targeting up to 420,000 BTC over seven to eight years. The proposal also supports euro stablecoin payments, public mining powered by surplus energy, and opposes a European Central Bank-controlled digital euro, though its political path remains difficult.

On July 3, French lawmaker Éric Ciotti of the center-right UDR party tabled a comprehensive crypto bill in Parliament, marking the first proposal for a national Bitcoin Strategic Reserve in France. The bill aims to acquire 2% of Bitcoin's total supply (roughly 420,000 BTC) over 7-8 years, funded by surplus nuclear/hydroelectric mining, seized crypto assets, and a portion of popular savings accounts. It also promotes euro-denominated stablecoins for daily payments, opposes a digital euro, and pushes for institutional adoption via ETNs. Despite the ambitious scope, the UDR holds only 16 of 577 seats in the National Assembly, making passage highly uncertain.

A comprehensive cryptocurrency bill submitted by the French centre-right party UDR (Union of the Right and Centre) proposes establishing a national Bitcoin strategic reserve, aiming to acquire 2% of Bitcoin's total supply (approximately 420,000 BTC) over the next seven to eight years. Funding sources include surplus nuclear and hydroelectric energy for public mining, retention of seized crypto assets, and daily allocations of about €15 million from popular savings schemes like Livret A and LDDS. The bill also supports euro-denominated stablecoins for everyday payments, exempting transactions under €200 from taxation, and explicitly opposes a European Central Bank-controlled digital euro. However, the bill faces steep political hurdles as UDR holds only 16 of 577 seats in the National Assembly, making its passage unlikely without broader support.