US Crypto Push Threatens EU’s Strategic Autonomy, ESM Chief Says
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US Crypto Push Threatens EU’s Strategic Autonomy, ESM Chief Says
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12:00am, Monday, March 10, 2025
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ESM Chief warned that U.S. crypto strategy could threaten Europe’s monetary autonomy
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European Central Bank — which has rejected the idea of adding Bitcoin to its monetary reserves — has been developing a digital euro since 2021 and will make a final decision on whether to implement it later this year.
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The Trump administration’s support of crypto currencies could hurt Europe’s monetary autonomy, supporting the case for a digital euro, according to a top EU official. “The US administration is favorable toward cryptocurrencies and especially dollar-denominated stablecoins, which may raise certain concerns in Europe,” European Stability Mechanism Managing Director Pierre Gramegna told reporters in Brussels on Monday
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