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European Central Bank (ECB) Urges for Digital Euro Amid Trump’s Crypto Push
European Central Bank (ECB) Urges for Digital Euro Amid Trump’s Crypto Push
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The European Central Bank (ECB) is advocating for the introduction of a digital euro, a move that comes in the wake of US President Donald Trump's executive order that could influence stablecoin regulations. According to Reuters, Cipollone from the ECB highlighted that Trump’s order might encourage a shift from traditional banking to digital alternatives. The ECB's digital currency initiative is currently in the preparatory phase, with a decision expected by October 2025. The initiative aims to provide a digital alternative to traditional currency, amidst growing interest and regulatory developments in the cryptocurrency space.
