Recent approval of the genius law in the US Senate has issued an alarm illuminated in Europe. Authorities are trying to design a joint strategy to slow and protect the Euro position in the global financial system.
Jane Moore, president of the UK Financial Conduct Authority (FCA), highlighted the Digiassets 2025 conference The urgent need for international adjustments to avoid regulatory arbitration in digital asset markets..
Officials said the UK is closely followed by a normative evolution in the US. Genius Lawdesigned to regulate and promote the issuance of stubcoins fixed to dollars (USD), and approved by the House with Senate approval.
If you receive permission from this sector of Congress, you will be sent to President Donald Trump’s desk for his signature, as he declared, that the president expects “as soon as possible.”
Meanwhile, from the UK Senate, MP Chris Holmes Lord was optimistic about the potential balanced regulatory framework to promote innovation and provide security in the UK. Furthermore, he urged department officials to actively engage in the consultation process, rather than criticizing the regulations once they have been implemented.
Holmes said People who oppose regulations are usually linked to mostly transparent practices.legal companies need to support regulations that support sustainable development.
In its latest report, the European Central Bank (ECB) warns that The rise of cryptocurrencies and new digital payment methods represent the direct challenges to the euro’s international status.
European currencies remain relatively stable in the main global indicators, but face increasing pressure, particularly due to the progression of stubcoins related to the dollar. According to the ECB, These assets may gradually move to traditional Fiatcoin.
During this scenario, the US launched several initiatives to boost the global use of cryptocurrencies. Presidential Order to approve the creation of a strategic Bitcoin reserve (BTC).
In response, Europe is seeking to accelerate the launch of the Digital Euro, a central bank’s digital currency (CBDC), which aims to maintain economic sovereignty and strengthen the European currency position in the global financial system.
However, the Digital Euro Project, scheduled to launch in October 2025, has generated intense public debate due to the risks it may imply, especially in terms of privacy and state management, which has raised concerns in various sectors.