In the meantime, Europe is going exactly the opposite way, promoting the digital Euro instead of stablecoins, which are seen as a prevarication of the private sector into the government field.
In this way, the Euro is doomed to irrelevance in the global economy. The point is this is going to weigh on the European economy, which is not exactly flourishing right now.
Not only is it about promoting digital euros instead of stablecoins, but I think one of the main goals of the crypto space is to protect privacy, and they are not taking it in a good way, such as banning mixers or jailing those who were involved in this.
Although they are doing these things to prevent money laundering, but I think they should prioritize privacy by taking alternative measures not just banning on these.
So, like you, I think that Europe's indifference to crypto will make it an economic slave to the USA.
Europe is just the opposite of America, especially where America is giving utmost importance to the strategic reserve of Bitcoin, while European countries are showing complete indifference. The people of Europe are still apathetic and indifferent towards Bitcoin and they are not creating curiosity about Bitcoin. Moreover, no positive steps are being taken by the government. While the American President campaigns on Bitcoin, the countries of Europe are still on the opposite side of Bitcoin.
Europe's further limitations are that it has failed to create a legal framework to regulate Bitcoin, and its central banks have so far expressed distrust of Bitcoin. European countries believe that the amount of electricity and energy wasted in Bitcoin mining could lead to severe energy shortages in European countries. However, the way America is taking control of crypto makes it very clear that in the future, countries that are still indifferent to crypto will be slaves to the dollar, just as countries around the world are currently under the dominance of the US dollar.