Golden Finance reported that ECB Administrative Commission member Francois Villeroy de Galhau said that U.S. support for cryptocurrencies and non-bank finance could trigger the next financial emergency. "There is a possibility that the United States will commit crimes due to negligence. Financial crises often originate in the United States and spread to other parts of the world. By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe is more secure and said that the EU does not have the risk of a banking crisis.