Macron: US Easing of Crypto Regulations Could Trigger Financial Turmoil

Mars Finance News, according to u.today, French President Emmanuel Macron stated that the increasingly relaxed US crypto regulations may trigger financial turmoil. “If the US allows cryptocurrencies to develop with excessive freedom, it could create spillover risks on a global scale, since stablecoins usually rely on US dollar assets for backing.” In addition, he called on the European Central Bank (ECB) to reshape its monetary policy to address new types of financial risks.