US crypto-friendly bearing can increase the level of risk in financial markets by deepening the connections between traditional finances (Tradfi) and digital asset economy, according to the regulator of the European Securities and Markets Authority.
“This bearing crypto-friendly has the potential to accelerate crypto adoption, including institutional investors,” a spokesman for the European Union’s financial market regulator in an interview. “This will increase the coherence and, failing the relevant care, risks of the negative impact of the spillover between the crypto and the traditional market.”
Since becoming president on January 20, Donald Trump has ordered his administration to set up a Bitcoin’s reserve and driven it to be established Crypto friendly policies. The Crypto market has been positive about the success of Trump’s election in November, and Bitcoin (BTC) climbed a record high around $ 109,000 on the day he was swearing, CoinDesk’s data showed.
To a joint report that has been published Monday.
Separately, Piero Cipollone, an executive board member of the European Central Bank was driven for a Digital Euro.
“Moreover, the push of the United States to maintain global dollar dominance through the promotion of stablecoins worldwide presents its own range of challenges,” he said.
