ChainCatcher news, according to a report by CoinDesk, the joint report released on April 1 by the three major EU regulatory bodies, including ESMA, pointed out that the increasingly crypto-friendly policy stance of the United States is deepening the correlation between crypto assets and traditional financial markets, which may increase systemic risk.The report mentioned that the U.S. deregulatory policy expectations are likely to raise the volatility of crypto valuations, and if there are no corresponding safeguards, it could trigger negative spillover effects on traditional finance. ECB officials also called for the development of a digital euro to address the high volatility of crypto assets and the global expansion of dollar-dominated stablecoins.