The ECB enters the blockchain race by allowing European banks to settle tokenized transactions in central bank money. Meanwhile, BTC smashes 85 870 $ (+5,9%) and ETH follows at 2 740 $ (+4,3%), driven by a wave of short liquidations rather than by genuine spot demand. Europe is institutionalizing what Washington can’t manage to legislate: a clear framework for tokenization. The SEC did publish its Innovation Exemption 48 hours after the failure of the Clarity Act, but an exemption isn’t a law, and the next administration could undo everything. Is Europe taking a decisive regulatory lead that the United States will no longer be able to catch up with? #ECB #Tokenisation