Swedish Opposition MPs Submit Motion to Establish Bitcoin Reserve

On October 1, Swedish MPs Denis Diokalev and David Perez submitted a motion to the parliament proposing the establishment of a national Bitcoin (BTC) reserve. Both members of the Sweden Democrats (SD), the motion is titled 'Sweden's Bitcoin Strategy'. It calls on the government to investigate the best methods and appropriate authorities for managing a strategic Bitcoin reserve.

The motion argues that Bitcoin could serve as a complementary asset, given that the Swedish Central Bank already holds gold and foreign currency reserves. In the US, the bipartisan 'Genius Act'...