Ripple executives have praised EU's move to approve MiCA legislation. The firm is struggling to get clarity in the U.S., with an ongoing battle with the SEC.
it a “landmark moment” for the global crypto business. However, he stated that the job is not yet finished. He said it is now up to the European Supervisory Authorities to develop firm-specific norms and regulations.The European Parliament voted 517-38 in favor of MiCA. The measure will now be put to a final official vote in the EU Council on 16 May.
With MiCA, the EU aims to protect consumers and to allow companies to operate on an EU-wide basis. It also aims to provide legal certainty for companies and to establish a leadership role in global crypto regulation.
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