While the European Union proceeds with smoothly passing its landmark crypto framework, the Markets in Crypto-Assets (MiCA), through the legislation phases, its financial services chief urges the American counterparts to keep in step to ensure the forthcoming regulations will be global, not local.
On Oct. 18, the European Commission’s financial services commissioner Mairead McGuinness emphasized to the Financial Times that the regulatory efforts should take a global character. “We do need to see other players also legislating," said McGuinness, adding, "We need to look at global regulation of crypto.”
These remarks were made during McGuinness’ visit to Washington DC, where she met the Republican Representative Patrick McHenry and the Democratic Senator Kirsten Gillibrand, one of the co-sponsors of the U.S. “crypto bill.” The commissioner was encouraged by these meetings and believes that the U.S. lawmakers were moving in “the same direction.” Nevertheless, she shared her concerns...
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