TechFlow news — On March 11, according to Cointelegraph, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), stated during a Eurogroup press conference that U.S. President Trump's policies supporting digital assets could impact Europe's monetary sovereignty and financial stability. Gramegna warned: "The U.S. government’s supportive stance toward cryptocurrencies, particularly dollar-denominated stablecoins, may raise certain concerns in Europe. It could revive plans by foreign entities and U.S. tech giants to launch large-scale payment solutions based on dollar-backed stablecoins. If these plans succeed, they would affect the eurozone’s monetary sovereignty and financial stability."
Ireland’s Finance Minister Paschal Donohoe also expressed agreement, saying "policy developments in other jurisdictions could have significant implications for Europe," and emphasized that a central bank digital currency (CBDC) is crucial for maintaining competitiveness. Meanwhile, Trump has clearly opposed the Federal Reserve issuing a CBDC and signed an executive order in January establishing a cryptocurrency working group, while banning the "creation, issuance, circulation, and use" of a U.S. CBDC. The European Central Bank has also refused to include Bitcoin in its monetary reserves.
