EU worries US embrace of crypto assets could impact Europe financial stability
Euro zone finance ministers are worried that the change of policy under the new U.S. administration to embrace cryptocurrencies could affect euro zone monetary sovereignty and financial stability, top officials said on Monday. Last week, U.S. President Donald Trump, who vowed to be a "crypto president" in his campaign, signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government, in a policy pivot from the previous administration. "Policy developments in other jurisdictions can have important consequences for us here in Europe," the chairman of the ministers Paschal Donohoe told a news conference after the ministers discussed U.S. cryptocurrency developments.