whoever made the joke of #US and #china fighting for power while EU releasing a new bottle cap is just right.

mica regulation? more like "Massive Interference Choking Assets.” europe’s new crypto rulebook slaps tokens with endless compliance costs and charters, kills DeFi innovation, and props up the same banks that crashed the system. most crucial is pretty much as businesses which have an API or connection with someone's wallet or funds must now get a license at $5k roughly and the capital requirements of roughly $100k. madness for a #startup . sucks to live in #Europe sometimes 🤷