Europe ‘Ahead of the Game’ in Web3 After MiCA Law, U.S. House Finance Chair Says

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.The European Union’s agreement of a new crypto law puts the bloc in the lead on Web3 technology, U.S. House Financial Services Committee Chair Patrick McHenry told CoinDesk TV Tuesday.

Europe is “showing us with Web3 they're ahead of the game of the United States,” despite the EU’s stumbles on previous internet technology, McHenry said. “That should send chills up the spines of Americans, because economic growth comes out of that technology ingenuity.”

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