Internet reports that the European Central Bank (ECB) issued a warning about the possible consequences of aggressive U.S. support for the cryptocurrency industry, saying that the surge in U.S. dollar stablecoins could undermine the stability of the European financial system. According to a policy document obtained by POLITICO, the European Central Bank requested a revision of the Cryptographic Asset Markets Regulation (MiCA) regulatory framework just a few months after it came into effect. At the heart of the controversy is that U.S. reforms backed by President Trump could flood European markets with dollar-denominated stablecoins. The ECB fears this could trigger a flow of European capital to U.S. assets, weaken the EU's financial sovereignty and expose banks to liquidity risk. The ECB warned that without stricter restrictions, European issuers could face redemption pressure from the EU and foreign holders, which could trigger a financial "run" and damage institutions.