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European lawmakers have yet to respond to Trump’s Bitcoin reserve order as the ECB pushes ahead with its digital euro plans for an October 2025 launch.
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Christine Lagarde News
Christine Lagarde is a French lawyer and politician. Christine Lagarde has held various positions in the French government, including being the Minister of Economic Affairs, Finance and Employment and more. The most famous position of Christine Lagarde is International Monetary Fund (IMF) Managing Director — a position that she holds to this day. Christine Lagarde’s age is 62, and she has been awarded with the Order of Legion d'Honneur and Order of Mérite Agricole for her accomplishments in French policy. She was also frequently called one of the most influential women and one of the best Minister of Finance in the Eurozone. Christine Lagarde’s Bitcoin views are positive. She has stated that Bitcoin and other cryptocurrencies could improve financial markets, in terms of the speed and security of transactions.
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ECB adviser Jürgen Schaaf has dismissed BTC reserves, citing volatility and lack of economic necessity as Bitcoin falls below $88K amid marketwide liquidations.
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Christine Lagarde seemed to dismiss concerns that Czechia’s central bank would adopt Bitcoin as a reserve asset.
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European Central Bank chief Christine Lagarde reportedly said her son ignored warnings against crypto investments and lost “about 60%” of his money.
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The ECB president admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community.
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In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
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Christine Lagarde introduced a “MiCA II” idea to cover the issues yet untouched by European regulators.
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Strong euro and overbought readings could pressure the dollar further, showing signs of topping out — Bitcoin at risk of falling.
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"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.
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“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.
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Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
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The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
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The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
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In a recent interview, Lagarde said that Bitcoin has been used to conduct "funny business" and "totally reprehensible money laundering activity."
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The president of the European Central Bank (ECB), Christine Lagarde, said that the financial institution should be ahead of the curve in regards to the demand of stablecoins.
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