Analysis: Cryptocurrency Emerges as a "Secondary but Critical" Topic at Davos, Highlighting Regulatory Divergence Between the US and Europe

Odaily According to CoinTelegraph, against the backdrop of the Davos WEF dominated by the "Greenland deadlock," cryptocurrency has resurfaced as a secondary yet influential topic. In his speech at Davos, Donald Trump spent several minutes reiterating his goal of making the US the "global crypto capital" and publicly endorsed crypto-friendly legislation. He expressed hope to sign the crypto market structure bill (CLARITY Act) soon, with his stance appearing more a matter of timing than direction. In contrast to the US position, the European Central Bank's stance was evident. During a crypto-themed roundtable, the Governor of the Bank of France criticized private currencies and yield-bearing stablecoins, emphasizing the necessity of CBDCs and warning that private currencies could threaten financial stability and sovereignty. Overall, Davos 2026 has reinforced the policy presence of stablecoins and tokenization, but the divergence in regulatory philosophies between the US and Europe remains pronounced. In the short term, the advancement of related legislation and regulation will continue to be constrained by their respective domestic policies.