PANews reported on December 8th, citing U.today, that French President Emmanuel Macron stated that increasingly lax regulation of the US cryptocurrency sector could trigger financial turmoil; if the US allows cryptocurrencies to develop too freely, it could create global risk spillover effects, as stablecoins typically rely on dollar-backed assets. Furthermore, Macron called on the European Central Bank (ECB) to reshape its monetary policy to address emerging financial risks.