François Villeroy de Galhau, a member of the Governing Council of the European Central Bank (ECB) and governor of the Bank of France, said that the US government's support for cryptocurrencies could trigger the next financial crisis, and by encouraging crypto assets and non-bank financing, the US government is sowing the seeds of future turmoil. Villeroy added that Europe's more robust regulation of the crypto industry could help reduce systemic risk, warning that the US "could err by negligence". (CoinDesk)