ECB president christine lagarde reveals son’s losses in crypto investments.

European Central Bank (ECB) President Christine Lagarde disclosed that her son lost “almost all” of his investments in cryptocurrencies, highlighting the risks associated with such assets. Lagarde, who has been critical of cryptocurrencies, previously called them speculative, worthless, and susceptible to criminal use. Despite her warnings, her son reportedly ignored her advice and suffered significant losses, approximately 60% of his investment. Lagarde emphasized the importance of educating individuals about the risks of crypto investments and reiterated the need for global regulation in the sector. The ECB has been advocating for regulatory measures to protect consumers and address potential misuse of crypto assets.