ECB Warns U.S. Crypto Push Could Trigger Financial Crisis in Europe

The European Central Bank (ECB) has issued a warning about the potential risks associated with the United States’ push towards cryptocurrency adoption, particularly through stablecoins, and how it could impact stability in Europe. The ECB is concerned that lax regulations in the US could trigger financial contagion across the Atlantic, leading to a major crisis. This comes at a time when Europe itself is navigating its own regulatory challenges around cryptocurrencies.