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ECB Official Fears US Crypto Policies Could Trigger Financial Turmoil
Austin Hodge
March 17, 2025 • Read Time: 13 minutes
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In the high-stakes world of cryptocurrency, the United States seems to be following the ancient saying: fortune favors the bold. Yet, as the US boldly embraces digital assets with open arms, it may risk turning a blind eye to the perils lurking in this volatile landscape according to European Central Bank (ECB) official Francois Villeroy de Galhau. A key voice in the ECB, his choice to sound the alarm on US integration of cryptocurrency into traditional finance comes with an urgent plea to Europe to adopt the digital Euro as a countermeasure. While Washington rides the wave of crypto enthusiasm under President Donald Trump, Europe's cautious approach signals an alternative philosophy across the pond. Could the US be cruising towards a disaster while chasing innovation? Or will European reluctance miss the mark?
Let's dive in!
ECB official, Francois Villeroy, warns US pro-crypto policy may trigger a global financial crisis, citing increased market volatility and economic instability risks whil urging digital Euro as a countermeasure. — Read More
Argentina tightens regulations on Virtual Asset Service Providers, increasing oversight and compliance. — Read More
Bolivia identifies energy strategies for crypto mining, while Brazil aligns with BRICS via its crypto initiative. — Read More
Coinbase's network now includes 145 US and 29 global government bodies, enhancing regulatory connections. — Read More
Liquid Mercury partners with dVIN Labs to tokenize the $300 billion wine market, offering retail investors a new blockchain-powered trading platform. — Read More
Recent poll claims 51% of Americans oppose crypto strategic reserve. — Read More
Filmmakers embrace Web3 to bypass Hollywood's traditional finance barriers. — Read More
Crypto ETPs suffer $1.7 billion in outflows, marking the longest downturn streak since 2015, CoinShares reports. — Read More
The European Central Bank's (ECB) official, François Villeroy de Galhau, has issued a stark warning: The U.S.'s growing support for cryptocurrencies could lead to the next global financial emergency. With the crypto market becoming more integrated into the traditional financial… x.com/i/web/status/1…
— KENSON INVESTMENTS (@KensonInvest22)
2:01 PM • Mar 17, 2025
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