President Donald Trump's pro-crypto policies have sparked global debate, with many in the U.S. praising them while Europe expresses concern over potential financial instability.
France’s central bank governor, François Villeroy de Galhau, recently warned that deregulation under Trump could lead to a global financial crisis, referencing past U.S.-originating economic disasters like the Great Recession.
Villeroy de Galhau has long criticized the lack of regulation in U.S. crypto markets, and his latest comments add to European worries about the long-term risks. Despite the criticism, Trump’s supporters argue that initiatives like his Strategic Bitcoin Reserve could bolster the U.S. economy.
While some see Trump’s crypto stance as an opportunity, others, including crypto journalist Zack Guzmán and former White House Communications Director Anthony Scaramucci, fear it could damage the industry’s credibility. The ongoing debate raises questions about whether Trump’s approach will shape crypto regulation or lead to financial turmoil.
As the debate continues, the future of global crypto policy remains uncertain. With the U.S. pushing ahead with deregulation and Europe tightening controls, the dynamics between these major powers will likely determine the global direction of cryptocurrency markets in the years to come.
Both sides are keeping a close eye on each other’s moves, weighing the benefits of innovation against the risks of unchecked market growth.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.
WazirX’s bid to restructure and compensate victims of a $230 million hack has been rejected by the Singapore High Court, putting the exchange’s recovery roadmap in limbo.
Fundstrat’s Tom Lee believes that lingering caution in the stock market could actually be setting the stage for another bullish breakout.
Circle, the company behind the USDC stablecoin, made a dramatic entrance onto the New York Stock Exchange on June 5, with its stock skyrocketing 167% by market close.