At the Davos World Economic Forum 2026, the United States and Europe showcased divergent approaches to cryptocurrency regulation. Former President Trump, speaking at the event, reiterated his ambition to position the US as the "global crypto capital" and expressed support for the Crypto Market Structure Act, signaling a pro-crypto legislative direction. In contrast, the European Central Bank (ECB) criticized private cryptocurrencies and yield-bearing stablecoins, advocating for central bank digital currencies (CBDCs) as essential for financial stability. The ECB's stance highlights a cautious approach towards private digital currencies, emphasizing potential risks to financial sovereignty. Despite the focus on stablecoins and tokenization, regulatory progress in both regions remains limited by existing domestic constraints.