French central bank governor warns: US promotes cryptocurrency, could trigger next financial crisis

According to CoinDesk, Fran ç ois Villeroy de Galhau, a member of the European Central Bank (ECB) Governing Council and President of the Bank of France, stated in an interview with French media La Tribune Dimanche that the US government's support for cryptocurrencies could sow the seeds of future financial turmoil and warned that the US "may make mistakes due to negligence". Villeroy criticized the Trump administration's Bitcoin strategic reserve and digital asset reserve plan, believing that this move will strengthen the non bank financial system and increase the instability of the financial system. He pointed out that compared to the United States, Europe is more robust in cryptocurrency regulation, which helps to reduce systemic risks. In addition, he emphasized the need for Europe to attract more international investors to hold euros in order to enhance its global competitiveness, especially in the context of the Trump administration's strengthened trade protectionism policies.