FT News Briefing The return of ‘pump and dump’ stock scams
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Aug 22, 2025 The podcast dives into the alarming resurgence of 'pump and dump' stock scams, revealing how investors lost billions in recent months. It also discusses the EU's accelerated plans for a digital euro, aiming to compete with US stablecoins while addressing privacy issues. Tensions within the U.S. government and calls for the removal of a Federal Reserve governor add another layer of intrigue to the financial landscape. Insightful analysis highlights the complex interplay between regulatory actions and emerging digital currencies.
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EU Speeds Up Digital Euro Plans
- The EU is accelerating plans for a digital euro to avoid dominance by US dollar-pegged stablecoins.
- Officials are even considering using a public blockchain to increase uptake quickly despite privacy trade-offs.
Dollar Stablecoins Threaten Euro Sovereignty
- US stablecoins anchored to the dollar threaten euro sovereignty by encouraging foreign payments.
- The EU fears growing reliance on dollar tokens could undermine domestic payments and monetary autonomy.
Public Blockchain Trade-Offs
- Running a digital euro on a public blockchain boosts global accessibility but raises visibility and privacy concerns.
- Officials weigh faster uptake against citizen data exposure and regulatory control.