Analysis: Crypto becomes a "secondary but key" topic in Davos, highlighting regulatory differences between the US and Europe.

Against the backdrop of the Davos World Economic Forum (WEF), dominated by the "Greenland impasse," cryptocurrencies re-emerged as a secondary but influential topic. In his Davos speech, Trump reiterated his goal of making the US the "global crypto capital" and publicly supported crypto-friendly legislation, stating his desire to sign the Crypto Market Structure Act (CLARITY Act) soon—a statement more of a matter of time than direction. In contrast to the US stance, the European Central Bank (ECB) criticized private currencies and yield-bearing stablecoins at a crypto-themed roundtable, emphasizing the necessity of CBDCs and warning that private currencies could threaten financial stability and sovereignty. Overall, Davos 2026 reinforced the policy presence of stablecoins and tokenization, but the differences in regulatory philosophies between the US and Europe remain significant, and the progress of related legislation and regulation will continue to be constrained by their respective domestic policies in the short term. (CoinTelegraph)