The ECB 🏦 fears Trump’s pro-crypto stance could destabilize Europe 🇪🇺 without stronger safeguards. They’re in a dispute with the European Commission over the EU’s crypto rules.
The ECB warns Trump’s support could trigger financial “contagion,” calling for urgent changes to regulations on Stablecoins. Christine Lagarde wants Mica amended.
The Commission rejects this, stating risks from global stables are “manageable.” An EU official accuses the ECB of exaggerating the Stablecoin threat to promote its digital euro project 🪙.
The ECB worries about dollar-backed Stablecoins increasing US influence and forcing European issuers to risk a “race” on reserves 💸.
post url: https://altcoin.observer/the-ecb-warns-cryptographic-laws-that-are-too-low-to-resist-the-financial-risks-of-the-trump-era/
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