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ECB's Villeroy Says U.S. Crypto Support Could Trigger Next Financial Emergency
The U.S. "risks sinning through negligence," Villeroy said in an interview with French newspaper La Tribune Dimanche
Mar 17, 2025, 1:00 p.m.
What to know:
- Francois Villeroy de Galhau has said embrace of cryptocurrency in the U.S. risks triggering the next financial emergency.
- "By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals,” he said.
Francois Villeroy de Galhau, a member of the European Central Bank (ECB) Governing Council and governor of the Bank of France, has said embrace of cryptocurrency in the U.S. risks triggering the next financial emergency.
The U.S. "risks sinning through negligence," Villeroy said in an interview with French newspaper La Tribune Dimanche.
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"By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals,” he said, adding that oversight of the crypto industry is more secure in Europe.
Donald Trump courted the cryptocurrency industry as part of his campaign to the return to the White House last year and as President has signed an executive order for the creation of a Strategic Bitcoin Reserve and a separate trove for other digital assets.
Villeroy added that Europe needs to attract more international investors to the euro, in order to help the currency take on a more important role internationally in the face of President Trump's tariff policies.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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