ESM Chief Sounds Alarm: Trump’s Crypto Push Threatens Euro’s Throne!
Donald Trump’s crypto obsession is rattling cages across the Atlantic! On March 10, 2025, European Stability Mechanism (ESM) boss Pierre Gramegna dropped a bombshell: the U.S.’s cozying up to cryptocurrencies, especially dollar backed stablecoins, could kneecap the EU’s monetary sovereignty. Speaking in Brussels, he warned that Trump’s policies might unleash a tidal wave of tech giants rolling out dollar driven payment systems, sidelining the euro.
“The US administration’s love affair with crypto could destabilize the eurozone’s financial backbone,” Gramegna said, pointing to stablecoins’ whopping $224 billion market cap. With Trump signing orders for a Bitcoin reserve and a crypto stockpile last week, the EU’s fear is real: a dollar dominated digital future. The fix? A digital euro ASAP. “It’s more necessary than ever,” Gramegna urged, backing the European Central Bank’s race to launch its own CBDC.
Is this a financial power grab by the U.S., or just crypto chaos? One thing is clear: the euro’s fighting for its life. #TrumpCrypto #EUSovereignty #DigitalEuro
