Swiss Bitcoin Reserve Campaign Fails to Meet Signature Threshold, Referendum Blocked

Organizers of the Swiss Bitcoin reserve initiative have failed to collect the required signatures to trigger a national referendum on mandating the Swiss National Bank to hold Bitcoin. The campaign, which sought to establish Bitcoin as a reserve asset for Switzerland's central bank, fell short of the necessary threshold needed to advance the proposal to a public vote. This outcome marks a significant setback for crypto advocates pushing for sovereign wealth funds and central banks to include Bitcoin in their reserves.