Cassie Craddock, managing director for the UK and Europe at the San Francisco-based enterprise crypto company, said the US remains “a big challenge” for the company during a recent interview.
Cassie Craddock, managing director for the UK and Europe at the San Francisco-based cryptocurrency firm, said the US remains “a big challenge” for the company during a Recent interview.
It is worth noting that Ripple is still involved in a bitter and long-running legal battle with the US Securities and Exchange Commission.
Tomiwabold OlajideBrad Garlinghouse, the company’s CEO, has repeatedly lamented the regulatory uncertainty in the United States, as well as the SEC’s hostility toward the industry.
Excitement around MiCA
At the same time, Craddock says Ripple is “really excited” about the EU’s cryptoasset markets regulatory framework (MiCA) coming into force. The groundbreaking EU cryptocurrency law is set to provide industry players with much-needed regulatory clarity.
Brussels has surpassed Washington and other jurisdictions in introducing clear rules on cryptocurrencies.
Alex DovbnyaThe pioneering framework, which initially came into force on 30 June 2023, two months after being approved by the European Parliament, will be fully implemented from 30 December. However, some of the provisions of MiCA will come into force from this Sunday.
While Ripple’s Craddock is optimistic about the adoption of new crypto rules in Europe, not everyone shares his sentiment. Some industry executives are still confused by some ambiguities in MiCA’s provisions. Marina Markezic, founder of the Brussels-based European Crypto Initiative, recently told Euronews that many cryptocurrency companies are still unsure exactly how the law will work.
