CLARITY Act vs MiCA: comparing crypto regulatory approaches
- —CLARITY Act splits oversight between the SEC and CFTC using a "mature blockchain" test
- —MiCA divides tokens into ART, EMT and others, with one CASP license valid across all 27 EU countries
- —331 firms have obtained a CASP license in the EEA, with Germany leading at 76–79 licenses
- —Under MiCA, only credit and e-money institutions may issue EMTs; USDC received a license in France
Why it matters: The differing approaches determine where crypto firms can more easily obtain a license and how stablecoins and DeFi will be regulated in 2026.
Source: BSC News