Europe takes lead over US on crypto regulation
The EU has taken the lead in crypto regulation with the adoption of comprehensive rules, while the United States has cracked down on major crypto exchanges.
The EU’s Markets in Crypto-Assets (MiCA) regulation aims to combat illegal practices and protect investors, receiving praise for bringing clarity to the industry. In contrast, the US regulatory landscape remains uncertain, prompting some companies to flee to Europe.
The US must resolve its regulatory situation quickly to retain its position as the largest market. The industry hopes that American legislators will realize the potential loss of business, jobs, and revenues without proper regulation.
