Member of the European Parliament Berger: the Free Democratic Party 'needs Bitcoin'

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Member of the European Parliament Berger: the Free Democratic Party 'needs Bitcoin'

Web3/Crypto

Stefan Berger, Member of the European Parliament and a part of the Christian Democratic Union of Germany | x.com

By Crypto Republique

Jan 10, 2025

Member of the European Parliament (MEP) Stefan Berger said that while the Free Democratic Party (FDP) may rely on Bitcoin, Bitcoin itself does not depend on the FDP. Berger shared his statement in a January 6 post on X.

"The FDP needs Bitcoin. Bitcoin doesn't need the FDP," said Berger.

According to the FDP's 2025 manifesto, the development of cryptocurrencies and digital ledger technology, including the approval of crypto exchange-traded funds (ETFs), supports the potential use of cryptocurrencies like Bitcoin as currency reserves by institutions such as the European Central Bank and Deutsche Bundesbank. This initiative aims to strengthen the resilience of the European monetary system. The manifesto also emphasizes preserving cash as a payment option to ensure user privacy in a digital euro, preventing mandatory usage or financial risks associated with it.

Stefan Berger's x post | x.com

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Berger has called for the European Union to appoint a dedicated representative for cryptocurrency. "The EU needs a crypto representative," he said. His statement, shared on X on December 6, followed U.S. President-elect Donald Trump's announcement of David O. Sacks as the White House Artificial Intelligence and Crypto Czar. Sacks will oversee U.S. policy on artificial intelligence and cryptocurrency, aiming to position the country as a global leader while addressing concerns about Big Tech bias and free speech, according to Crypto Republique.

Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the reserves of the European Central Bank and Bundesbank to strengthen financial resilience. According to Handelsblatt, Lindner referenced the United States, where the incoming Trump administration is considering incorporating Bitcoin into the Federal Reserve’s reserves alongside traditional assets like gold. Lindner warned that Germany and Europe could risk falling behind without adopting similar measures.

Stefan Berger represents North Rhine-Westphalia in Brussels as part of the Christian Democratic Union of Germany (CDU). Since 2019, he has represented Lower Rhine, Düsseldorf, and Mettmann regions. As a member of the Committee on Economic Affairs and Monetary Affairs (ECON), he focuses on competition, digitalization, innovation, and crypto assets according to his website.