🌍💸 Amundi Warns U.S. Stablecoin Bill Could Destabilize Global Finance

Amundi, Europe’s largest asset manager, has raised alarms 🚨 over the U.S. GENIUS Act, warning it could disrupt global payments 💳 by drawing capital away from banks 🏦 and weakening currencies like the euro 💶.

The bill, passed by the Senate 🇺🇸 and moving to the House, regulates dollar-pegged stablecoins as payment tools 💵—not securities.

While crypto leaders like Coinbase and Circle see it as a boost 🚀 to U.S. innovation and leadership, critics—from the Bank of England 🇬🇧 to Italy 🇮🇹—fear it could threaten financial stability ⚖️ and monetary control.

Adding to the controversy, a Trump-linked crypto startup 🪙 may gain major advantage if the bill becomes law. #TrumpVsMusk #NFPWatch #UkraineRussiaCeasefire