Donald Trump Threatens the European Economy with Cryptocurrencies

A recent report revealed the European Central Bank's concerns that Trump's support for cryptocurrencies could cause "financial contagion" threatening the European economy. The European Commission responds: "The risk is exaggerated." What's the story?

1️⃣ The European Central Bank warns:

  - Trump's support for crypto could strengthen the dollar's dominance through stablecoins (stablecoins).

  - Europe's MiCA legislation may be vulnerable to new US laws (STABLE and GENIUS) designed to strengthen the dollar.

  - Concerns about a potential "collapse" of foreign exchange reserves if stablecoins spread globally.

2️⃣ The European Commission rejects warnings:

  - Accuses the central bank of "exaggerating" its push for the controversial digital euro agenda.

  - The dispute reflects a hidden struggle between financial technology and economic sovereignty.

Do you think Europe is capable of confronting US dominance in the crypto market?

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