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ECB Warns of Financial Stability Threat from Trump’s Pro-Crypto Policies
ECB Warns of Financial Stability Threat from Trump’s Pro-Crypto Policies
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The European Central Bank has raised concerns over President Donald Trump’s pro-crypto agenda, stating that dollar-backed stablecoins could threaten financial stability in the eurozone. In a confidential policy paper, the ECB urged the European Commission to revisit the Markets in Crypto Assets Regulation (MiCA), fearing that current rules may not counteract the effects of aggressive US crypto reforms. These reforms, including the STABLE and GENIUS acts, could push the supply of dollar-backed stablecoins to $2 trillion by 2028, according to Standard Chartered analysts.
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