European Central Bank President Christine Lagarde is expected to step down before the next French presidential election, potentially influencing the direction of Europe's crypto policy. During her tenure, Lagarde advanced the Markets in Crypto Assets (MiCA) framework and initiated the digital euro project, aiming to integrate digital money into the EU's financial system. However, gaps remain, particularly in regulating decentralized finance (DeFi), and the final form of the digital euro is still under discussion.
Lagarde's cautious stance on cryptocurrencies, highlighted by her 2022 remark that crypto is "worth nothing," has shaped the ECB's regulatory approach, emphasizing consumer protection and financial stability. As potential successors like Pablo Hernández de Cos and Klaas Knot are considered, the focus remains on maintaining a prudent regulatory posture. The EU's progress with MiCA and the digital euro reflects a commitment to a secure, regulated environment for digital assets, balancing innovation with systemic risk management.
Lagarde's ECB Departure May Shape Future of European Crypto Policy
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