The European Parliament adopts the legislative framework for the digital euro. A masterstroke to assert one’s monetary sovereignty. But will this project revolutionize or stifle the crypto market in Europe?
In brief
- The European Parliament adopts the legislative framework for the digital euro, supported by the ECB.
- The objective of the digital Euro: reduce dependence on American payment networks (Visa, Mastercard).
- A generalization of the digital Euro is envisaged by 2029, subject to final votes.
The European Parliament validates the legislative framework of the digital Euro
On June 23, 2026, the ECON committee of the European Parliament, under the leadership of Aurore Lalucq, adopted the legislative framework for the digital Euro, a project matured for five years by the ECB and defended tooth and nail by Brussels. This vote is only a first step. Indeed, the text must still be validated in plenary session at the beginning of July, then in trilogue with the Commission and the Council. But the objective is clear, the digital euro could see the light of day as early as 2029.
Why such eagerness behind the digital Euro? Europe wants to reduce its dependence on American payment networks, such as Visa or Mastercard, and assert its monetary sovereignty. After the American sanctions against European judges, the lesson has been learned. It is therefore urgent to have a public, secure and independent payment tool. However, should privacy be sacrificed on the altar of security? The debates were intense, between supporters of a digitized economy and defenders of cash.
The crypto market is holding its breath… Will it turn everything upside down?
If the digital euro is coming to fruitionthe European crypto market could experience an earthquake. Imagine a digital currency issued by the ECB, accessible to all, with the stability of the euro but the speed of cryptos. Stablecoins and CBDCs could finally have a clear framework, but at what cost for private players like Bitcoin or Ethereum?
In addition, traditional banks, already critical, fear a pharaonic cost (up to 18 billion euros for the sector, according to the European Banking Federation). As for decentralization purists, they take a dim view of this intrusion by States into an ecosystem designed to free themselves from it. Where some see it as an opportunity to legitimize digital assets, others see it as a threat to their independence.
The digital Euro is underway, but the challenges are immense. Between sovereignty, innovation and data protection, Europe will have to find the right balance. And you, would you be ready to adopt the digital euro to the detriment of traditional cryptos like bitcoin and ethereum?
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
