"Monetary sovereignty", so Lagard is sad that we can escape IMF dictatorship.😂

Finance officials across the European Union have raised concerns over U.S. President Donald Trump’s pro-crypto policies, fearing they could undermine Europe’s financial stability and monetary sovereignty.Key Takeaways:The EU fears that U.S. backing of digital assets and stablecoins could impact the euro's dominance.European Stability Mechanism (ESM) managing director Pierre Gramegna stressed that dollar-denominated stablecoins could threaten European financial autonomy.The ECB is accelerating plans for a digital euro as a countermeasure.Trump has signed an executive order banning a Federal Reserve CBDC while promoting a U.S. crypto reserve.EU Sees U.S. Crypto Shift as a Monetary ThreatSpeaking at a Eurogroup press conference on March 10, Pierre Gramegna of the ESM warned that Trump’s pro-crypto stance could embolden U.S. and foreign tech giants to launch stablecoin-based payment solutions. Such a move, if widely adopted, could erode the euro’s role in digital finance and challenge the European banking system.The concerns follow Trump’s January executive order, which not only banned a U.S. central bank digital currency (CBDC) but also established a crypto working group, further signaling a shift toward digital assets in the U.S. financial strategy.EU Officials Push for Urgent Digital Euro RolloutIn response, European officials are accelerating efforts to develop the digital euro to preserve monetary sovereignty.The European Central Bank (ECB) is expanding its CBDC payment infrastructure, aiming for cross-border institutional transactions.Irish Finance Minister Paschal Donohoe emphasized that Europe’s financial autonomy is at stake, urging swift action to fortify the euro against potential stablecoin disruption.ECB President Christine Lagarde has firmly dismissed the idea of holding Bitcoin (BTC) in central bank reserves, stating that reserves must be liquid, secure, and stable, implying that crypto assets do not meet these criteria.The U.S.-EU Digital Currency DivideWith Trump’s administration embracing Bitcoin reserves and stablecoins, and the ECB pushing for a digital euro, a clear geopolitical divide over digital assets is emerging.While the U.S. aims to dominate the global crypto landscape, European policymakers are racing to secure the euro’s role in the digital economy. Whether the ECB’s digital euro can counter the influence of stablecoins remains a pressing question as global crypto adoption accelerates, according to Cointelegraph.