Yesterday, the U.S. made history.
All three major crypto bills, GENIUS, CLARITY, and the Anti-CBDC Act, passed the House. The GENIUS Act is now headed to Trump’s desk, making it the first comprehensive crypto legislation in American history.
Here’s what passed:
- GENIUS Act — National stablecoin regulation (308–122)
- CLARITY Act — Defining when a crypto asset is a security or a commodity (294–134)
- Anti-CBDC Act — Blocking the creation of a U.S. central bank digital currency (219–210)
This wasn’t partisan.
Over 100 Democrats voted for GENIUS.
Over 70 voted for CLARITY.
The U.S. political class is now converging around a shared reality:
Crypto is infrastructure. Stablecoins are money. The time is now.
And here’s the irony:
GENIUS is widely seen as inspired by MiCA Title IV, Europe’s own regulation for stablecoins.
But while the U.S. moves to implement, Europe remains paralyzed.
Ask yourself:
If MiCA Title IV is so advanced...
Why does the euro represent just 0.1% of the global stablecoin market?
Why are we nowhere near our proportional share of global FX reserves?
Why do stablecoin issuers shy away from launching in euros?
Maybe the answer lies here:
The ECB’s ongoing hostility, explicit or implicit, towards private stablecoins.
It creates an environment of fear, uncertainty, and regulatory chill.
No clear sandbox. No political support. No infrastructure for success.
But here’s the kicker:
The ECB’s second legal mandate is to support the general economic policies of the Union.
Is systematically stifling innovation really consistent with that mandate?
Can you claim to support European innovation while keeping one foot on the brake?
While the U.S. is gearing up to make stablecoins usable for payments, wealth preservation, and even retirement accounts…
Europe is stuck in a defensive stance, hiding behind the CBDC curtain, and calling it leadership.
We need more than regulation on paper.
We need real support. Real infrastructure. Real adoption.
Europe doesn’t lack regulation.
It lacks the courage to apply it in a way that empowers innovation.
While the U.S. opens its doors, we’re locking ours.
While they build financial tools for the next generation, we’re stuck defending the old ones.
While they unleash stablecoins, we obsess over a CBDC no one asked for.
And the result?
A euro locked out of the digital economy.
A continent with talent and infrastructure, but no will to use it.
A future being written elsewhere.
It’s time to wake up.
Because if we don’t set the rules, someone else will.
And if we don’t act now, we’ll be watching from the sidelines, again.
Let’s not regulate innovation out of existence.
Let’s make Europe worth building in. 🧡
