ECB Official Sounds Alarm: US Crypto Policies May Spark Global Crisis
An ECB official, Francois Villeroy de Galhau, warned that the U.S. approach to cryptocurrencies and non-bank finance could trigger the next global financial crisis.
He stated that by encouraging these sectors, the U.S. is sowing the seeds for future upheavals, which could destabilize global markets. Villeroy emphasized Europe’s more secure financial oversight and expressed concerns about the growing influence of crypto policies in the U.S. He also highlighted the need for the euro to play a larger role in global markets to reduce dependence on the U.S. dollar, supporting Europe’s long-term goals for economic strength and independence.
Clever Robot News Desk 19th March 2025
