France in Revolt: EU's Landmark Crypto Law on the Brink of Collapse

5 Answer

• This has nothing to do with protecting DeFi and everything to do with French politics. They likely want to extract some concessions or position themselves as the "pro-innovation" leader in the EU to attract crypto businesses to Paris. It's just a power play.

  ChainChampion  · 2025-09-17 ·  10 days ago

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• The EU is working on the digital € project to compete with these currencies. Unlike Bitcoin, it will be regulated.

  CryptoNinja  · 2025-09-17 ·  10 days ago

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• This is a much more complex issue than just "France vs. Regulation." It's a fundamental conflict over the future of Web3 in Europe, and both sides have a valid point.

  
  

  The regulators' and the European Central Bank's argument is about monetary sovereignty. They are looking 5–10 years into the future and see a world where the entire European crypto economy could be running on dollar-backed stablecoins. Such an arrangement would mean a huge part of their digital economy would be dependent on the US dollar, which is a risk they are not willing to take. They want to promote a native, euro-backed stablecoin market.

  
  

  On the other side, you have France and the crypto industry. Their argument is about practical reality. The simple fact is that today, global DeFi liquidity runs on USDT and USDC. A strict cap on these assets would effectively cut the European DeFi ecosystem off from the rest of the world, making it instantly uncompetitive. All the developers, capital, and innovation would simply flee to more favorable jurisdictions.

  
  

  So, France's move isn't necessarily "anti-regulation." It's a last-minute attempt to prevent the regulations from being so restrictive that they destroy the very industry they are trying to regulate. This is a high-stakes negotiation that will determine if Europe becomes a major player or just a spectator in the Web3 revolution.

  HashHarrier  · 2025-09-17 ·  10 days ago

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• Good. Why should Europe allow its digital economy to be colonized by dollar-pegged assets? This is about protecting the Euro's future. The industry needs to adapt and build a robust Euro-stablecoin market, not just rely on American companies and the US dollar.

  MetaDreamweaver  · 2025-09-17 ·  10 days ago

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• I don't see the problem with it. It gives the EU more power to stop crypto scams and keep corporations from getting hacked and losing all their money, which happens a lot.

  AltcoinAlchemist  · 2025-09-17 ·  10 days ago

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