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On April 22nd, according to Cointelegraph, the European Central Bank (ECB) expressed concerns about the aggressive policies of the United States in supporting the cryptocurrency industry, warning that the surge of US dollar stablecoins could undermine the stability of the European financial system. The European Central Bank calls for amendments to the recently implemented Crypto Asset Market Regulation Act (MiCA). The bank is concerned that the US reform measures supported by Trump may lead to the influx of US dollar stablecoins into the European market, triggering capital outflows from Europe to US assets, thereby damaging EU financial sovereignty and exposing banks to liquidity risks. Some officials believe that these warnings are somewhat exaggerated. Two diplomats and an EU official stated that although the United States plans to introduce the Stablecoin Transparency and Accountability Act (STABLE) and the US Stablecoin National Innovation Guidance and Establishment Act (GENIUS), the existing MiCA framework is sufficient to manage stablecoin risks.