The European Central Bank (ECB) would have prompted the EU cryptography market of the cryptography market, with regard to the concerns of the position of US President Donald Trump on digital assets could compromise the region's economy.
According to a political document seen by Politico, the central bank believes that Trump's “sumptuous support” for the American cryptography sector can cause a financial contagion that could explode the European economy.
Politico reports The fact that European officials fear that several of the main financial market reforms that Trump has praised compromise efforts to reorganize the EU financial sector.
The main concerns are the main stablescoins of digital assets which are mainly labeled in dollars.
Dollars supported tokens should increase more following an executive decree of the White House to strengthen the cryptography sector. US legislators also plan to pay a PAIR of Stablecoin regulatory bills.
While the European Union markets in cryptographic asset regulation (MICA) could theoretically prevent stablecoins supported by the currencies from disturbing the European economy by limiting the issuance of these assets, ECB officials have suggested that the legal framework cannot resist the effects of the stable industry of America.
The president of the ECB, Christine Lagarde, and digital payments Tsar Piero Cipollone say that an increase in assets denominated in dollars in Europe could revive economies in the United States.
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