French President Warns U.S. Crypto Deregulation Could Trigger Financial Instability

French President Emmanuel Macron warned that loosening regulatory oversight in the U.S. cryptocurrency sector may lead to financial instability, u.today reported on Dec. 8. Macron said excessive freedom for cryptocurrencies in the United States could generate global spillover risks, as stablecoins typically rely on U.S. dollar-backed assets. He called on the European Central Bank to reform its monetary policy framework to address emerging financial risks associated with digital assets.