France in Revolt: EU's Landmark Crypto Law on the Brink of Collapse
France is now threatening to block the entire MiCA regulation deal. The sticking point is a proposed cap on non-euro stablecoins like USDT and USDC, which are the lifeblood of the entire DeFi ecosystem.
So what's the right move here? Should Europe prioritize the Euro's sovereignty with strict caps, or should they allow dollar-backed stablecoins to flourish to keep their Web3 ecosystem competitive with the US and Asia?
10个答案
France is rightly prioritizing currency sovereignty
thats sad I know they will be back up tho
France's push against non-euro stablecoins could impact Europe’s Web3 growth and global competitiveness.
France threatens to block MiCA crypto licence passporting, challenging EU unity and pushing for stronger ESMA supervision amid regulatory tensions.
protecting the Euro’s sovereignty makes sense, but capping dollar-backed stablecoins could choke innovation in Europe. If the goal is to stay competitive in Web3, flexibility might be smarter than restriction.
Dollar stable coin, tokenomics and rugs will definitely show
Capping dollar stablecoins might protect the euro today but risks suffocating Europe’s Web3 tomorrow.
France's opposition could trigger a major shift in EU crypto policy, making this a pivotal moment for the industry.
Regulations is for everyone safety
France pushing back on regulation
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