ECB Villeroy said US Crypto support can trigger the next financial emergency: Bloomberg
Francois Villeroy de Galhau, a member of the European Central Bank (ECB) in charge of the council and governor of the Bank of France, said to embrace the cryptocurrency with the risks of the US that motivate the next financial emergency.
The US “risk guilty by neglect,” Villeroy said in an interview with the French newspaper La Tribune on Sunday.
“By encouraging crypto assets and non -financial financial assets, the American administration sows bones of chaos in the future,” he said, adding that the administration of the crypto industry is safer in Europe.
Donald Trump combined the cryptocurrency industry as part of his campaign until returning to the White House last year and as president signed an executive order for the creation of A strategic bitcoin reserve and a separate trove for other digital assets.
Villeroy added that Europe needs to attract more international Euro investors, to help the money take a more important role worldwide in the face of President Trump’s tariff policies.
