French central bank governor: Trump supports cryptocurrency 'planting seeds for future turbulence'

According to Cryptoslate, Francois Villeroy de Galhau, the President of the French Central Bank and a member of the European Central Bank's Governing Council, stated in an interview with the French newspaper La Tribune Dimanche that US President Trump's support for cryptocurrency is a huge mistake, and the US may pave the way for the next financial crisis by accepting cryptocurrency and non bank finance. He said, "The United States may make mistakes due to negligence. Financial crises often originate in the United States and then spread to other parts of the world. By encouraging cryptocurrency and non bank finance, the US government is laying the seeds for future turbulence. The current wave of regulatory easing in the US is dangerous Villeroy de Galhau has been publicly criticizing Trump's policies. Even before Trump's inauguration in January, Villeroy de Galhau was one of the earliest economists to express concerns about Trump and his policies. On January 15th, he said, "I believe that the statements we sometimes hear in the United States about non bank institutions, various funds lacking regulation, or cryptocurrency assets lacking regulation can jeopardize financial stability." Earlier this week, Villeroy de Galhau stated that Trump's trade war and economic policies are "tragedies for the US economy.