Germany’s far-right Alternative for Germany (AfD) won 43.8% of the vote in Sunday’s Saxony-Anhalt state election, its strongest regional result. The win revives questions about what a bigger AfD footprint would mean for Bitcoin (BTC) policy in Europe’s largest economy.
The party fell short of an outright majority in the 83-seat parliament, leaving coalition talks ahead. Nationally, the AfD leads opinion polls, keeping its pro-Bitcoin platform in view.
AfD’s Bitcoin Platform
The AfD has positioned itself as Germany’s most crypto-friendly major party. Its national platform calls for “extensive deregulation” of Bitcoin, wallets, and trading. The party argues regulators have been overly cautious, according to Reuters reporting on its platform documents.
In October 2025 AfD filed a Bundestag motion stating the government had failed to recognize Bitcoin strategically as an asset that could be held in currency reserves during monetary instability, and described it as a potential reserve asset.
The party also opposes a digital euro, the European Central Bank’s proposed digital currency. It wants cash enshrined as a constitutional right, per the same reporting.
Beyond deregulation, AfD lawmakers have pushed for lighter Bitcoin treatment under the European Union’s Markets in Crypto-Assets (MiCA) framework. MiCA is the bloc’s licensing regime for crypto firms.
The lawmakers argue it was built for centrally issued tokens, not decentralized ones like Bitcoin. That view comes from Germany’s Bitcoin Bundesverband, an industry group that tracks the country’s crypto legislation.
Germany’s Finance Committee already rejected a push from the Greens to end a related tax break. That one-year Bitcoin holding exemption is the same rule the AfD wants to keep.
The fight over MiCA’s reach extends beyond Germany. Poland has failed three times to pass its own compliant framework.
Can AfD Lead Germany?
Even with Sunday’s result, AfD’s crypto agenda faces the same wall as its broader platform. Mainstream German parties still refuse to govern with the far-right nationally. That leaves the party’s Bitcoin proposals a talking point rather than law for now.
“It’s a signal for the whole of Germany, a self-confident signal.”
— Ulrich Siegmund, AfD’s lead candidate said in Saxony-Anhalt after the win.
Siegmund has said he would rather see a new election than lead a minority government. That leaves Saxony-Anhalt’s coalition talks unresolved for now.