Dennis Porter, a crypto-advocate, revealed that Samuel Kullmann of Switzerland is working on a proposal to include Bitcoin as part of the Swiss constitution.
The legislator has proposed a referendum plan that would require 100,000 signatures to be collected within 18 months before voting on the adoption of Bitcoin as part of Swiss Constitution.
Porter wrote that even collecting 100,000 signatures in 18 months is a big victory for Bitcoin. “It’ll result in each and every Canton-level member of parliament getting educated on Bitcoin.”
Dennis Porter learned Kullmann’s plans at a panel held in Switzerland. The Swiss federal government is now reviewing the proposal for adding Bitcoin to the constitution.
“It is going to be a lot work and I understand it’s long-shot but we must take shots at the goal now, when we are in the lead.”
The plan comes simultaneously with the Swiss Federal chancellery initiating an initiative to mandate Swiss National Bank to add Bitcoin to its currency reserves.
Swiss National Bank is skeptical about buying Bitcoins
Thomas Jordan, chairman of the central banking institution, declared in April 2024 that his bank is sceptical regarding holding Bitcoin reserves. His remarks were made despite the fact that campaigners had urged for a change in Swiss law to allow cryptos be added to Swiss reserves.
“We are not sure yet if we will invest in bitcoin.” “It’s for good reason,” he explained at the time. “Currency Reserves are international payments.” They need to be liquid. They have to be durable. “We have to be in a position to sell them and to buy them.
A Swiss Bitcoin advocate submitted a plan to encourage the idea of Bitcoin reserves, despite the recent sudden rise in Bitcoin prices, courtesy of Trump’s pro crypto win. The proposal, which was submitted on 5 December, represents years of preparation.
In addition, around 260 merchants accept BTC in Lugano. accepts tax payments in cryptocurrency. This includes BTC and Tether.
