Crypto Market Unchecked? ECB Warns of US Policy Dangers
The ECB, during its January meeting, warned that U.S. crypto deregulation could trigger a future financial crisis, citing it as a long-term financial stability risk.
The bank expressed concern over the Trump administration’s deregulatory stance on crypto assets, fearing it could allow risks to accumulate. This warning follows recent developments showing a less stringent oversight of crypto markets in the U.S. The ECB has consistently criticized Bitcoin and other cryptocurrencies, arguing they lack the necessary characteristics to function as reserve assets, emphasizing their speculative nature and potential for money laundering.
Clever Robot News Desk 2nd March 2025
