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French Central Bank Governor François Villeroy de Galhau has expressed concerns that President Donald Trump’s pro-crypto policies could lead to significant economic instability. In a recent interview, Villeroy de Galhau warned that the U.S. administration’s encouragement of crypto-assets and non-bank finance might sow the seeds for future financial upheavals.
He emphasized that financial crises often originate in the United States and subsequently impact global markets. By integrating cryptocurrencies further into the financial system, the current U.S. administration may be laying the groundwork for future instability.
Villeroy de Galhau’s remarks highlight the potential risks associated with the rapid adoption of cryptocurrencies without sufficient regulatory oversight, suggesting that such policies could destabilize global financial systems.
