French President Emmanuel Macron has expressed deep concern over the easing of cryptocurrency regulations in the United States, warning that this trend could lead to financial instability with adverse effects on the global financial system. He emphasized the significant role of US dollar-linked stablecoins in the global market and cautioned that any uncertainty surrounding them could amplify global financial risks. As cryptocurrencies gain popularity and influence within the financial system worldwide, various countries are developing regulatory frameworks. However, the US currently lacks comprehensive and stringent legislation to regulate cryptocurrencies, raising fears of market uncertainty and financial risks. President Macron urged the European Central Bank (ECB) to reform its monetary policy to better address emerging financial threats. Given the ECB’s crucial role in maintaining Europe’s financial stability, there is an increasing need for flexibility and innovation in its policies amid crypto market uncertainties. Experts agree that strict and cohesive regulations will enhance market transparency and protect investors. Effective US regulatory measures in the future could contribute to global financial stability; otherwise, uncertainty in the global financial markets may persist.
Source: binance
