EU Markets in Crypto-Assets (MiCA) with Seth Hertlein, Patrick Hansen, & Rebecca Rettig
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 February 2023
⏱️ 60 minutes
🧾️ Download transcript
Summary
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
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Resources:
Seth Hertlein
https://twitter.com/SethHertlein
Patrick Hansen
https://twitter.com/paddi_hansen
Rebecca Rettig
https://twitter.com/RebeccaRettig1
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Transcript
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| 0:00.0 | Talking about the state of regulation in Europe, not the U.S. this time, but in Europe. |
| 0:09.9 | This is a very relevant episode, David, because you and I have talked a lot about regulation |
| 0:15.8 | in the United States. |
| 0:17.1 | It's not a topic that I like to think about very often, but we do talk about it from time |
| 0:23.0 | to time in Bakeless Podcasts, especially recently. |
| 0:27.4 | We have hardly ever talked about what's going on in Europe, just kind of passing comments. |
| 0:33.0 | I allocate about 10% of my brain to regulation, because it's just like, it's not fun to |
| 0:37.6 | think about, but sometimes you got to. |
| 0:39.7 | This week is one of those weeks, and most of that time is reserved for the regulatory |
| 0:45.1 | state of the United States. |
| 0:47.2 | We wanted an update on what is going on in Europe, and it actually sounds like, David, |
| 0:52.4 | the lawmakers in the EU are doing their jobs, actually looking at crypto somewhat objectively, |
| 1:00.4 | I think, and proposing legislative frameworks to help us move forward. |
| 1:04.8 | That is something that we don't have the luxury of in the United States, and I want to |
| 1:09.4 | find out more about that on today's episode. |
| 1:12.3 | But why don't you give us a tease? |
| 1:13.8 | Who do we have on and what are we in for today? |
| 1:16.2 | Yeah, across the pond, there's this thing called Micah, markets in crypto assets, which |
| 1:21.2 | is the regulatory proposal, a landmark regulatory proposal that is working its way through |
| 1:26.2 | Europe. |
| 1:27.2 | We're going to talk about that, because there is actual progress being made for better or |
| 1:31.7 | for worse. |
... |
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