Campaign founder Yves Bennaim isn’t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow.
The Swiss direct democracy system requires campaigns to hit a signature threshold within 18 months — his team didn’t make it.
A Bold Proposal That Didn’t Get Off The GroundBennaim drew a parallel to Switzerland’s long-standing tradition of neutrality, framing Bitcoin as an independent alternative to the dominant global currencies.
He also pushed back against claims that Bitcoin lacks liquidity, pointing to the billions of dollars moving through international crypto exchanges every day.
But the SNB wasn’t persuaded. The bank has remained cautious, and European Central Bank policymakers have made their position clear — reserve assets must be liquid, secure, and stable.
Europe Still Divided On Crypto In Central Bank ReservesThat debate has sharpened as crypto has become harder to ignore in global finance. Some institutions have been testing blockchain-based systems. Others remain focused on concerns about price swings, safety, and the ability to sell large holdings quickly without moving markets.
Bennaim’s team framed the campaign as more than just a Bitcoin bid. They wanted Swiss officials to seriously assess the technologies reshaping the financial sector. A future initiative, they said, remains possible.
AMINA is now the first regulated bank to support custody and trading for Canton Coin.
Swiss Financial Firms Push Ahead With BlockchainThrough the move, institutional clients gain access to the Canton Network, a platform 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 image from Unsplash, chart from TradingView
