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Campaign laminitis Yves Bennaim isn’t giving up. Even aft his radical failed to stitchery capable signatures to unit a Swiss nationalist referendum connected Bitcoin reserves, Bennaim said different propulsion could follow.
The Swiss nonstop ideology strategy requires campaigns to deed a signature threshold wrong 18 months — his squad didn’t marque it.
A Bold Proposal That Didn’t Get Off The Ground
The inaugural would person required the Swiss National Bank to clasp Bitcoin alongside golden and overseas currencies. Supporters argued that adding Bitcoin to the SNB’s reserves would trim dependence connected the US dollar and the euro.
Bennaim drew a parallel to Switzerland’s long-standing contented of neutrality, framing Bitcoin arsenic an autarkic alternate to the ascendant planetary currencies.
He besides pushed backmost against claims that Bitcoin lacks liquidity, pointing to the billions of dollars moving done planetary crypto exchanges each day.
LATEST: 🇨🇭 Swiss crypto advocates are abandoning their bid to unit the Swiss National Bank to clasp Bitcoin, falling abbreviated of the 100,000 signatures needed for a law referendum. pic.twitter.com/q95Eio5uCq
— CoinMarketCap (@CoinMarketCap) May 8, 2026
But the SNB wasn’t persuaded. The slope has remained cautious, and European Central Bank policymakers person made their presumption wide — reserve assets indispensable beryllium liquid, secure, and stable.
Bitcoin’s price grounds hasn’t helped its case. The cryptocurrency has dropped astir 7% truthful acold this year, pursuing a grounds $126k ATH successful October 2025.
Europe Still Divided On Crypto In Central Bank Reserves
Based connected reports from Reuters, the failed Swiss run reflects a wider disagreement crossed Europe. Policymakers person not reached immoderate statement connected whether integer assets beryllium successful cardinal slope reserve strategies.
That statement has sharpened arsenic crypto has go harder to disregard successful planetary finance. Some institutions person been investigating blockchain-based systems. Others stay focused connected concerns astir terms swings, safety, and the quality to merchantability ample holdings rapidly without moving markets.
Bennaim’s squad framed the run arsenic much than conscionable a Bitcoin bid. They wanted Swiss officials to earnestly measure the technologies reshaping the fiscal sector. A aboriginal initiative, they said, remains possible.
AMINA is present the archetypal regulated slope to enactment custody and trading for Canton Coin.
For institutional, corporate, and nonrecreational investors, integer assets are increasingly about infrastructure, scale, and execution discipline, not experimentation. @CantonNetwork… pic.twitter.com/04b9Urx1Er
— AMINA Bank (@AMINABankGlobal) May 6, 2026
Swiss Financial Firms Push Ahead With Blockchain
The campaign’s illness hasn’t slowed the broader Swiss fiscal industry. AMINA Bank precocious became the archetypal instauration registered with Swiss fiscal regulator FINMA to connection custody and trading services for Canton Coin.
Through the move, organization clients summation entree to the Canton Network, a level built for tokenization, collateral management, and settlement.
Goldman Sachs, Visa, Citadel, and the Depository Trust & Clearing Corporation are among the organizations backing the network.
Featured representation from Unsplash, illustration from TradingView
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