The European Parliament’s ECON Committee approved its position on MiCA, an important step towards an EU-wide regulatory framework for crypto-assets. The development came shortly after the United States launched a broad policy agenda for digital assets.
The EU and US initiatives pursue many of the same policy goals and may encourage regulatory cooperation. The US agenda also promoted research and development concerning a possible digital dollar, an area in which coordination will be important if central bank digital currencies are to support efficient cross-border payments.
At the same time, the international role of the euro and the dollar may create different strategic interests on the two sides of the Atlantic.
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