TREE NEWS reports: Kraken co-CEO David Ripley said Europe takes a more pragmatic approach to crypto regulation, with the Markets in Crypto-Assets (MiCA) framework providing clear market rules, while the US environment is more adversarial. Ripley noted the CLARITY Act has advanced slowly over several years and warned the US risks ceding financial innovation leadership to the EU if it keeps delaying crypto legislation. Kraken obtained a MiCA license from the Central Bank of Ireland in June 2025, allowing it to serve all 30 EEA member states.
Kraken Co-CEO Says EU’s MiCA More Mature Than US Crypto Rules
AI take
Ripley's framing is notable less as a regulatory verdict than as a competitive one: an exchange that has already secured MiCA access has a structural incentive to contrast a functioning EU passport against a stalled US process. The CLARITY Act's slow progress is the operative contrast, not MiCA's design. For market structure watchers, the question is whether this licensing gap shapes where exchanges concentrate European-facing activity, and whether US legislative movement changes that calculus.
Generated by AI for reference only.
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