Kraken Co-CEO Says US Crypto Regulation Lacks Maturity Compared to Europe's MiCA

Kraken Co-CEO David Ripley stated that Europe's Markets in Crypto-Assets (MiCA) regulation provides superior clarity compared to the adversarial regulatory environment in the United States. Ripley warned that the slow progress of the CLARITY Act could cause the U.S. to lose its leadership in financial innovation to the EU. Kraken secured a MiCA license from the Central Bank of Ireland (CBI) in June 2025, allowing operations across 30 European Economic Area countries.