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EU Markets in Crypto-Assets (MiCA) with Seth Hertlein, Patrick Hansen, & Rebecca Rettig

Feb 18, 2023

Join Rebecca Rettig, Chief Policy Officer at Polygon Labs, Seth Hertlein, VP of Policy at Ledger, and Patrick Hansen, Director of EU Strategy at Circle, as they dive into Europe's groundbreaking MiCA regulation. They discuss how this legislation aims to create a unified crypto framework across EU member states by 2024, the implications for stablecoins, and the challenges of self-custody regulations. The trio also compares EU and U.S. regulatory approaches, weighing innovation against the need for consumer protection.

59:41

Creator website

Episode guests

Patrick Hansen

Seth Hertlein

Rebecca Rettig

Highlights

AI Chapters

Episode notes

The Different Scenarios of Financial Transfers and Travel Rule Application

01:26

The Frustration of Stablecoin Providers

01:29

Intro

3min

Introduction to EU Crypto Regulation Discussion and Sponsorship Highlights

3min

Navigating MiCA: EU's Cryptocurrency Regulation Unveiled

17min

Regulatory Impacts on Stablecoins in the EU

12min

Regulatory Landscape Impact on Stablecoins and Self-Custody in the EU

4min

Navigating MiCA: EU's Crypto Regulation Landscape

15min

Navigating the Balance Between Regulation and Innovation in Crypto

6min

In today's episode, we're talking about the state of crypto regulation across the pond. Is it as bad over there as it is here in the United States?

There is a landmark crypto bill over in the EU called MiCA (Markets in Crypto-Assets) and its worth paying attention to!

We brought on some EU regulation experts, Rebecca Rettig, Chief Policy Officer @ Polygon Labs, Seth Hertlein, VP, Global Head of Policy @ Ledger, and Patrick Hansen Director of EU Strategy and Policy @ Circle.

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------ Timestamps:

0:00 Intro 4:45 Pond Temperature 9:30 U.S. vs. the EU Regulation 13:30 Is MiCA Passed? 15:50 Should the U.S. Be Jealous? 18:30 MiCA Grading 20:55 DCCA Grading 22:22 MiCA Stablecoins 29:35 EU Restrictions 37:36 MiCA Self-Custody 44:22 Fear Ideology 46:40 U.S. vs. EU Regulation & Innovation 51:40 Closing Thoughts 58:50 Disclaimers

------ Resources:

Seth Hertlein https://twitter.com/SethHertlein

Patrick Hansen https://twitter.com/paddi_hansen

Rebecca Rettig https://twitter.com/RebeccaRettig1

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures