While the Trump administration shows increasing support for cryptocurrencies, attention turns to the European Union, which has captured the spotlight with the implementation of the MiCA regulatory framework in January 2025.
🔸 According to "Konstantin Vasilenko" from Paybis, trading volumes from EU clients increased by 70% in the first quarter after the implementation of MiCA, compared to a decline in activity in the United States.
📉 Significant decline in the American market:
Trading volume in Robinhood decreased by 35%
Retail contribution to Coinbase dropped from 40% in 2021 to just 18%
🏛️ Why is Europe excelling?
Unified licensing system across EU countries
Strict laws on stablecoins (1:1 reserves, auditing, and asset separation)
Legal protection similar to MiFID increases investor confidence
🏆 France is leading the European scene
175% growth in Paybis activity
Early organizational support through the PACTE law
Spread of fintech hubs like Station F
📌 Distribution of European progress
France: Retail growth
Germany: Institutional infrastructure (Clearstream)
Netherlands: Payment network efficiency
🇺🇸 The United States may return again
The GENIUS bill is under discussion in Congress, and it could lead to a major shift if passed by the end of 2025.
🧠 Summary:
While America lags in legislative clarity, Europe confidently moves forward through MiCA, giving it a strong competitive edge in attracting investors and crypto companies globally.
