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. ------  MetaMask Learn  https://bankless.cc/metamaskshow  ------  JOIN BANKLESS PREMIUM:  https://newsletter.banklesshq.com/subscribe  ------ BANKLESS SPONSOR TOOLS:  KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  ️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi   ------ 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 

Rebecca Rettig and Michael Mosier propose a paper on regulating DeFi in a decentralized system. They discuss onchain CeFi vs genuine DeFi, targeting high-risk wallets, critical communications transmitters (CCTs), and next steps. They also explore the challenges faced by regulators, risks in DeFi, and collaborative efforts for regulation.

Rebecca Rettig and Jake Chervinsky discuss the implications of Grayscale ETF victory, Uniswap case dismissal, and Tornado Cash indictments. They explore the impact on the industry and upcoming Bitcoin ETF decisions.

Rebecca Rettig, Chief Legal & Policy Officer at Polygon, and Pavel Durov, founder of Telegram, dive into critical topics affecting the crypto world. They discuss the ramifications of Durov's arrest on free speech and Telegram's role in crypto communication. The conversation shifts to OpenSea's SEC scrutiny and its potential implications for NFT marketplaces. Additionally, they explore internal conflicts within the Ethereum Foundation and community reactions to Vitalik Buterin's DeFi criticism, underlining the urgent need for regulatory clarity in the rapidly evolving crypto landscape.

Guests Rebecca Rettig, Michael Mosier, and Katja Gilman explore a conceptual framework to detect and prevent illicit financial activities in DeFi while preserving its permissionless nature. Topics covered include the current AML and CTF regime in America, sanctions, and the future of DeFi.