While the US is still getting its house in order when it comes to regulating crypto the EU, in contrast, is moving full speed ahead with a bloc-wide legislative package on digital assets — Markets in Crypto-assets regulation (Mica).
“That the EU came up with rules before the United States for an entire asset class is noteworthy, and in some ways, remarkable. One way or another, they are sure to inform policy conversations far beyond Brussels.”
https://www.ft.com/content/673c4dc2-73d2-4b7e-8e14-4504235c7441