Kraken co-CEO David Ripley said Europe has taken a more practical approach to crypto regulation, arguing that the Markets in Crypto-Assets framework, or MiCA, gives the industry clearer operating rules. He contrasted that with what he described as a more adversarial regulatory climate in the United States.
Ripley also said progress on the CLARITY Act has been slow and noted that work around the bill has stretched on for years. In his view, if the U.S. keeps delaying crypto legislation, it risks ceding leadership in financial innovation to the European Union.
His comments come after Kraken secured a MiCA license from the Central Bank of Ireland in June 2025. That approval allows the exchange to operate across all 30 member states in the European Economic Area, or EEA. The remarks were reported by Bitcoin.com News.
Kraken co-CEO David Ripley said Europe has adopted a more practical approach to crypto regulation, with the Markets in Crypto-Assets framework, or MiCA, providing clearer rules for the market. He said the U.S. regulatory environment, by contrast, is more adversarial.
Ripley also pointed to the slow progress of the CLARITY Act, saying related work has been going on for years. He said the United States could give up its leadership in financial innovation to the European Union if it continues to delay crypto legislation.
Kraken received a MiCA license from the Central Bank of Ireland in June 2025, allowing it to operate across 30 member states in the European Economic Area, or EEA.
The remarks were reported by Bitcoin.com News.
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