European Central Bank Governing Council Member: U.S. support for crypto assets and non-bank finance lays the groundwork for future turmoil

ChainCatcher news, according to Bloomberg, European Central Bank Governing Council member Francois Villeroy de Galhau stated that the U.S. support for cryptocurrencies and non-bank finance could potentially trigger the next financial emergency.

In an interview with the French weekly "Le Journal du Dimanche," he said: "The U.S. could commit a crime out of negligence. Financial crises often originate in the U.S. and spread to other parts of the world.

By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe is more secure and stated that there is no risk of a banking crisis occurring in the EU.