Kraken Co-CEO Criticizes US Crypto Regulatory Stance, Praises EU MiCA Framework

Kraken Co-CEO David Ripley stated that the US has adopted a hostile and politicized approach to crypto regulation, contrasting it with the European Union's Markets in Crypto-Assets (MiCA) regulation, which provides clearer and more stable rules. Ripley warned that the slow progress of the CLARITY Act could undermine US leadership in financial innovation. Kraken secured a MiCA license from the Central Bank of Ireland in June 2025, enabling compliant operations across 30 European Economic Area member states.