European Central Bank Says Trump’s Crypto Push Will Affect European Economy

The European Central Bank (ECB) has recently raised concerns about Trump’s push for cryptocurrencies, warning it could impact the European economy.

The ECB questions whether existing MiCA regulations are sufficient to handle potential spillover effects from US support for crypto.

However, the European Commission has dismissed these warnings as exaggerated, suggesting the ECB may have misunderstood EU regulations, leading to widespread debate.

According to a recent Politico report, the ECB and the Commission are in disagreement over the adequacy of current MiCA regulations to counter issues arising from Trump’s pro-crypto stance. The ECB fears it could trigger financial “contagion” affecting Europe’s economy, while the Commission argues otherwise.