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Switzerland parliament member Samuel Kullmann reveals that he is currently working to incorporate Bitcoin into the constitution and national reserves.<\/p>\n
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According to a video circulating online, Swiss MP Samuel Kullmann said that he and his team are working towards getting Bitcoin into the Switzerland constitution. Not only that, he also revealed that he is also working on getting the central bank to start holding the asset.<\/p>\n
He mentions<\/a> the program as an example for a concept he is developing called the \u201cpopular initiative\u201d which would allow for citizens to vote on government programs that they believe should be championed and executed. A popular initiative would require about 100,000 signatures in order to be proposed as an amendment to the constitution of Switzerland.<\/p>\n \u201cFor example, getting Bitcoin into the constitution of Switzerland and making the central bank hold it. So that\u2019s one thing that we are working on right now,\u201d said Kullmann.<\/p>\n <\/p>\n He refers to the referendum as a \u201cdefensive tool\u201d that the public could wield against politicians to demand action or to abort on certain legislations that they disagree on.<\/p>\n In the past, Kullmann has consistently shown support for the adoption of Bitcoin (BTC) by the Swiss government. Since as early as 2021, he claimed that he was \u201cvery vocal about being pro-Bitcoin\u201d as a politician in the Swiss parliament.<\/p>\n In November 2024, he spearheaded a motion in the Grand Council of the Canton of Bern to study and explore Bitcoin mining as a means to stabilize the energy grid and utilize surplus energy.<\/p>\n In the end, the motion passed with a majority vote of 85-46.<\/p>\n In January 2025, Kullmann launched a campaign to amend the Swiss constitution so that Bitcoin would be recognized in the constitutional framework and to require the Swiss National Bank to hold a portion of its reserves in BTC. As indicated by Kullmann\u2019s speech, the initiative is still ongoing at the moment.<\/p>\n Despite the ongoing campaign to get central bank regulators to start holding the asset, the national bank has made its position clear on the matter. In March 2025, Swiss National Bank Governor Martin Schlegel reaffirmed the central bank\u2019s position against incorporating BTC or other digital assets into its foreign exchange reserves.<\/p>\n As previously reported by crypto.news, Schlegel cited BTC\u2019s high volatility, instability and regulatory hurdles as the reasons why the central bank does not plan on holding the asset any time soon. He stated that the Swiss National Bank\u2019s reserves are meant to support monetary policy. Therefore, he believed that holding digital assets does not align with that objective. <\/p>\n Even though the Swiss central bank continues to oppose holding digital assets, Swiss banks appear to be gravitating towards crypto. Before JPMorgan declared that it would be accepting crypto as collateral, Luzerner Kantonalbank had already established<\/a> itself as the first universal Swiss bank to allow its clients to use BTC and ETH as collateral for Lombard loans.<\/p>\n In addition, other Swiss banks like Sygnum Bank and Swissquote have also started accepting<\/a> major crypto assets and crypto-based ETFs as collateral in credit lines.<\/p>\nHow likely is Switzerland to adopt a Bitcoin national reserve?<\/h2>\n