The Italian Central Bank has issued a brutal warning while the crypto market suddenly gathers, sounding the alarm compared to potential global financial instability. The push, widely attributed to the renewed political support of American President Donald Trump after his return to functions, revived the haus feeling through digital assets.
The return of Trump Sparks Crypto Rally
According to a recent report, Bitcoin led a market-scale increase after Trump returned to the political scene with a Pro-Crypto program. His return helped to propel the total market capitalization of the crypto to 2.75 billions of dollars in Marchwith Bitcoin has more than 60% of this value.
Contribute to the momentum Trump Media & Technology Group Announcement of a utilitarian And digital portfolio To extend its Truth + streaming service. This decision further strengthened the perceptions of a friendly administration of crypto.
The risks of stablecoin could trigger a shock from the market
The Italian Central Bank is particularly concerned about the growing domination of the stables of a dollar such as USDT (Tether) And USDC (circle). These tokens are fixed to treasury bills, and those responsible warn that mass buyouts could destabilize global bond markets.
“If large -scale withdrawals occur, this could trigger a shock in American and international financial systems,” warned the bank.
EU regulators are concerned about the future of the euro
Despite the implementation of the EU MICA regulation (Crypto-Active Market Regulations)The Italian authorities fear that it is not enough to counter the rapid spread of cryptographic assets, in particular the stablecoins linked to the US dollar. The president of the ECB Christine Lagarde has echoed the concerns that the influence of the euro could weaken if the adoption of the stable reserve continues at its current rate.
Italy asks Deeper global cooperation To avoid systemic risks, as the use of cryptography extends beyond the closely regulated sectors.
Uversight also under control
In the United States, regulatory concerns are also rising. President Trump would have Appointed Pro-Crypto managers to key regulatory positions and dissolved a unit of the Ministry of Justice This previously focused on the investigation into the fraud linked to the crypto.
Addition to controversy, Trump’s sons support a new stablecoincoinciding with the advancement of Geniusa legislative proposal that criticisms could loosen monitoring of cryptography and weaken investors’ protections.
Because the recent increase in cryptography, motivated by speculation and low surveillance, could cause financial instability.
Because we are linked to treasury bills and a mass sale could disrupt global financial stability.
