
European Central Bank (ECB) official François Villeroy de Galhau has expressed concerns regarding the potential financial instability stemming from the United States' increasing adoption of cryptocurrencies under President Donald Trump. Villeroy warned that Trump's pro-crypto policies, including the embrace of Bitcoin reserves and non-bank finance, could trigger the next global financial crisis. He criticized the U.S. strategy as reckless, suggesting it sows the seeds for future upheavals. This sentiment is echoed by several U.S. lawmakers who are raising alarms about Trump's deep ties to the crypto industry, which reportedly has generated over $100 million. They caution that Trump's influence, combined with Elon Musk's power, could lead to significant conflicts of interest that threaten the stability of the American financial system. Meanwhile, the cryptocurrency market remains volatile, with Bitcoin trading at approximately $83,345, and analysts predicting resistance levels around $90,000. The situation reflects a growing divide in regulatory approaches between the U.S. and Europe, with the latter claiming robust oversight of the crypto sector.


Another piece, this one from Yanis Varoufakis, crediting Trump with some kind of "economic masterplan" in seeking to devalue the dollar and big up crypto. No, it's simply that the US President doesn't understand monetary economics https://t.co/Z2bmu9Ooce
🗞️ The crypto world is on edge: Why Trump’s become a nightmare for crypto bros The market is beginning to differentiate and recognize the usefulness of these new digital assets, which are fluctuating in response to Donald Trump’s statements https://t.co/jgQdW6mu5c
Trump’s weird crypto obsession could spark the next financial crisis https://t.co/R7Sk3zGhKg