ChainCatcher news, according to Cointelegraph, the European Central Bank (ECB) has expressed concerns over the aggressive policies supporting the cryptocurrency industry in the United States, warning that the surge of dollar stablecoins could undermine the stability of the European financial system.The ECB has called for amendments to the recently implemented Markets in Crypto-Assets Regulation (MiCA). The bank is worried that U.S. reform initiatives, backed by Trump, could lead to an influx of dollar stablecoins into the European market, triggering capital outflows from Europe to U.S. assets, thereby harming the EU's financial sovereignty and exposing banks to liquidity risks.In response, some officials believe these warnings are somewhat exaggerated. Two diplomats and one EU official stated that despite the U.S. plans to introduce the Stablecoin Transparency and Accountability Act (STABLE) and the U.S. Stablecoin Innovation and Protection Act (GENIUS), the existing MiCA framework is sufficient to manage stablecoin risks.