U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce praised the speed at which the European Union put together its digital finance package.
The European Parliament adopted the Markets in Cryptoassets (MiCA) last month, laying out a comprehensive framework for cryptocurrency regulation across the 27-nation bloc.
MiCA could serve as a model for us, Peirce said Wednesday at the Financial Times Cryptocurrency and Digital Assets Summit.
She added that the U.K.’s efforts to create a crypto-friendly regulatory regime could also serve as inspiration for the U.S.