EU votes for MiCA, Rep. Davidson wants to fire Gary Gensler, SEC charges Bittrex, and other major news in regulation.
, the regulation will establish guidelines for the operation, structure and governance of digital-asset issuers. MiCA is “a milestone for the crypto asset industry,” as its rapporteur, Member of the European Parliament Stefan Berger, put it., with Binance CEO Changpeng Zhao pledging his readiness to comply with the “pragmatic” regulation, while Gemini co-founder Tyler Winklevoss noted the lack of similar legislation in the United States.
Speaking with Cointelegraph, Patrick Hansen, director of EU strategy and policy at stablecoin issuer Circle, said that MiCA will enable European crypto firms to, allowing licensed companies to offer their services throughout the world’s largest single market, representing roughly 450 million people. It’s yet to be seen whether the United States will take a cue from MiCA or continue regulating through enforcement.
has already promised to adopt MiCA nationally: The deputy chairman of Ukraine’s parliamentary Tax Committee, Yaroslav Zheleznyak, revealed that his colleagues were already working on implementing “some provisions from MiCA.
Davidson intends to introduce legislation that would effectively oust Gensler and replace the role with an executive director who “reports to the Board .”
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