France’s RN Pushes Nuclear Power for Bitcoin Mining

France’s RN Pushes Nuclear Power for Bitcoin Mining

France’s Rassemblement National party is drafting a bill to use nuclear energy for Bitcoin mining, shifting its historical stance, announced by Marine Le Pen and Aurélien Lopez-Liguori.

This policy marks a significant shift, impacting the Bitcoin market by potentially utilizing France’s surplus energy, reflecting growing interest in sustainable crypto mining practices.

The French far-right party Rassemblement National (RN) is drafting legislation to use surplus electricity from nuclear power plants for Bitcoin mining. This represents a notable policy shift for the party, known for its previous stance on cryptocurrencies.

Key figures driving this change include Marine Le Pen, RN President, and Aurélien Lopez-Liguori, a party lawmaker. Le Pen’s recent advocacy for Bitcoin mining marks a departure from her 2016 anti-crypto position.

Marine Le Pen, President, Rassemblement National, stated in Le Monde to “Turn wasted electricity into ‘secure and extremely profitable’ digital assets.”

On a recent visit to the Flamanville plant , Le Pen promoted monetizing nuclear energy for Bitcoin mining as “secure and extremely profitable.” This initiative may impact the Bitcoin market if implemented successfully.

The RN’s proposal utilizes idle nuclear energy produced by EDF, potentially affecting financial and institutional landscapes. However, no specific funding details have been shared by the party or government entities.

At present, Bitcoin is the primary focus of this energy initiative. The broader effects on other cryptocurrencies remain speculative, as the bill is still a draft.

France’s historical emphasis on nuclear energy could drive significant outcomes for Bitcoin mining. Comparable initiatives in the U.S. and Russia indicate possible hash rate shifts and infrastructure growth, emphasizing strategic use of national energy surpluses.