If Trump strengthens Stablecoins, the ECB warns that Europe Risks ‘Run on Ranking’.

Officials warn that liquidity can be far from the eurozone in a stable state issued abroad.

The European Central Bank (ECB) warned that US President Donald Trump’s pro -crypto agenda could unstable the Eurozone’s financial system, urging urgent changes in the EU’s encryption regulation.

The ECB argued that the Politicalico’s policy paper argued that the Crypto Assets (MICA) legal market was too generous with the contract between the border -borders and could not take the risk of revival of US encryption.

At the center of concern is the “Multi-ISSUANCE” model, where European and non-European companies jointly publish Stablecoins. The ECB said that this structure could be exposed to repayment of both the Atlantic and potentially “execution” of reserves.

Christine Lagarde Chairman ECB strengthened his demand for reform last Thursday.

The central bank is concerned that the surge in the dollar, which is supported by the dollar, can attract European capital to the US Treasury and undermine the financial independence of the block.

Tensions are growing as the committee dismisses the concern of the ECB.

The European Commission strongly promoted the ECB’s request to reinstate the MICA rules for the risk of the ECB border between the Borders, defending the legal framework and rejecting the “basic misunderstanding” of the ECA.

The committee insisted that the ECB exaggerated the risk of Global Stablecoins in its own internal paper reviewed by Politico, and that the existing rules are “managed according to the existing legal framework.”

An EU official said in Stablecoins that the traditional bank operation concept is “ridiculous.” The officials also accused the ECB that they collected support for digital Euro Initiatives, which will be released by October by amplifying the “Stablecoin Menace”.

Despite these claims, the ECB claims that the dollar -based stablecoins can deepen the market that is not already concentrated.

The central bank is concerned that EU -based companies can repay domestic and foreign tokens to amplify the risk of liquidity during the stress period.

Encryption rules tested in Europe evaluate financial sovereignty.

The inconsistency of this occurs a few months after the MICA was fully enacted, and the law was welcomed by the encryption director’s global benchmark.

However, the ECB argues that the regime is leaving a gap in scenarios related to border tokens. Foreign political changes, such as inclusion of Trump’s stability, can expand the industry’s footsteps.

According to a recent source at the Supreme EU Finance Civil Service Conference, few member states have supported the ECB’s proposal to immediately revise the MICA.

The Commission emphasized that the existing rules should be implemented before a hasty correction, which only was approved by the MICA.

Nevertheless, the ECB argues that European monetary sovereignty can be eroded if the eurozone savings are increasingly related to the US fiscal policy.

Even if the Commission claims to exist in the MICA’s framework, he argued that he has the authority to block the publisher of the STABLECOIN, which leads to a systematic risk.