🟥 My proposals to ensure Europe doesn't become subservient to the US One of my posts published last week sparked debate on social networks. It focused on Europe's lag in developing stablecoins and tokenized capital markets. Although there's a very cultural aspect to our tendency to be self-critical as Europeans, I want to propose a list of concrete actions to reverse this trend. 👉 Major banks must fully commit to euro stablecoins. As long as their executive committees consider the topic secondary, the market will remain dominated by the dollar. 👉 These initiatives must be conducted as consortiums. Isolated projects unnecessarily fragment the ecosystem and face reluctance from other institutions to support a competing product. 👉 Stablecoins must flow into the real economy. Payments, business settlements, cross-border transfers: without wide distribution, they'll remain confined to crypto trading. 👉 Update the MiCA regulation on stablecoins. The current framework provides security, but it also constrains issuers' business models. It needs adaptation to allow European champions to emerge. 👉 Clarify the ECB's digital euro project. Either by providing visibility on its outlines or by formally abandoning it. The current uncertainty is blocking private initiatives. 👉 Accelerate the unification of European capital markets. A digital currency cannot exist without market depth comparable to that of the US. 👉 Multiply experiments with the DLT pilot regime. Too much administrative burden and limitations are hindering innovation while the US moves quickly. 👉 Simplify crypto-asset taxation. Not necessarily making it lighter, but making it readable, stable, and predictable, to offer visibility to entrepreneurs and investors. Every day, @TheBigWhale_ analyzes and provides essential keys to understanding for navigating this industry. Do you have other ideas? Share them under this tweet 👋