EU lawmakers preparing to vote on the Markets in Crypto Assets (MiCA) legislation tomorrow say it’ll phase out the ‘Wild West’ era. It’s not hard to imagine that’s both an allusion to the general lack of regulation and also the constant bickering of U.S. regulators over who should oversee crypto markets. As a result, companies have been making nice with lawmakers in the U.K. and Europe. Case in point: Coinbase CEO Brian Armstrong recently met with U.K. Economic Secretary Andrew Griffith, saying the country’s “moving fast on sensible crypto regulation.” A stark contrast to the Wells notice and legal battle it’s dealing with in the states.
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