Emmanuel Macron: US Easing Crypto Regulation Could Trigger Financial Turbulence

BlockBeats News, December 8th, according to u.today report, French President Macron stated that the increasingly relaxed regulation in the United States' crypto space could lead to financial instability. "If the United States allows cryptocurrency to develop too freely, it could create a global risk spillover effect, as stablecoins usually rely on USD asset backing." Furthermore, he called on the European Central Bank (ECB) to reshape its monetary policy to address new financial risks.