The European Central Bank issued an unexpected statement about Trump’s Bitcoin and crypto money orders! It looks like they panicked

The European Central Bank (ECB) accelerates the efforts of Donald Trump, the United States President Donald Trump, to initiate a digital euro in response to its latest decree, aiming to support US -backed Stablecoins on a global scale.

ECB Board Member Piero Cipollone expressed the urgency of this move at a policy meeting held in Frankfurt today and warned possible disruptions in traditional banking systems.

Yesterday, President Trump signed a decree that gives priority to the dominance of the US digital finance technology. Emir emphasized the need for protecting the sovereignty of the US dollar by encouraging legal and legitimate dollar -backed stablecoins worldwide. Speaking at the Conference of the 13th Finance Sector of the Institute of Law and Finance, Cipollone expressed his concerns about the effect of this strategy on the Euro zone.

“I think the keyword in Trump’s decree is worldwide, Ç said Cipollone and added:“ These solution makes banks even more intermediaries because they lose their wages and lose their customers. That’s why we need a digital euro. “

The ECB foresees a digital euro as an online wallet that is guaranteed by the Central Bank but operated by private banks such as commercial banks. In this way, users, including those who do not have traditional bank accounts, will be able to pay safely. However, to prevent excessive liquidity shifts, individual beings will probably be limited and funds will not gain interest.

Cipollone drew attention to the need to accelerate tests and legal approval in order not to fall behind in the global race for the leadership of digital currency. While the ECB is still experimenting with design and functionality, the final decision on the application depends on the legislation awaiting in the European Union.

The administrative order of the Trump administration adopts a different approach by explicitly prohibiting the Fed’s release of its own central bank digital currency (CBDC). Instead, the US focuses on encouraging private sector innovation to strengthen dollar -supported stablecoins as a preferred alternative to global finance.

Chipollone warned that the US efforts to globally adopt the US stablecoins can further force the region’s financial systems by removing customers from traditional European banks. “The need for a digital euro has never been so evident,” he said.

*It is not an investment advice.