Economics
US Crypto Push Threatens EU’s Strategic Autonomy, ESM Chief Says
US President Donald Trump last week signing an executive order creating a Bitcoin reserve and a separate stockpile of other tokens.
Photographer: Leung Man Hei/BloombergThis article is for subscribers only.
The Trump administration’s support of crypto currencies could hurt Europe’s monetary autonomy, supporting the case for a digital euro, according to a top EU official.
“The US administration is favorable toward cryptocurrencies and especially dollar-denominated stablecoins, which may raise certain concerns in Europe,” European Stability Mechanism Managing Director Pierre Gramegna told reporters in Brussels on Monday.