According to the report, eurozone economic ministers are not too enthusiastic about Trump’s familiarity with cryptocurrencies, and in their opinion, the European Union should “prevent the initiative from bringing “negative consequences on stability and sovereignty.”
The EU warns that Trump’s cryptography stance will put stability at risk
Donald Trump clearly knows how to shake things up, and his administration’s crypto initiatives are beginning to destabilise the economy minister from the European Union. eunews.This reports that the issue is one of the subjects scheduled for discussion at the Eurogroup meeting on March 10th. The outlet said it asserts that “the new US administration has a very pro-cryptocurrency attitude.”
As highlighted by publication sources, broad negativity can erode both stability and sovereignty, casting a shadow over the broader framework of governance. The insider detailed that Trump’s crypto moves are “related to us and related to payment situations.” The source is also cited by eunews.it.
We want the initiative to not bring negative consequences on stability and sovereignty.
In recent years, the European Union has been strategically working on the rise of US dollar-backed stubcoins through the crypto asset regulation (MICA) market. At the same time, the European Central Bank (ECB) has delved into the development of the digital euro with the aim of maintaining the importance and authority of currency in an increasingly digital world. Piero Cipollon, a member of the ECB Board, emphasized the initiative as a direct response to the Trump administration’s policies.
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