Georg Brameshuber, a crypto advisor, said that regulatory improvements such as the Markets in Crypto-Assets (MiCA) regulation in the European Union, potential U.S. stablecoin laws, and crypto-friendly policies under former President Donald Trump are accelerating progress for stablecoins. Brameshuber made his statement in a December 15 post on X.
“On the regulatory front, things are looking up. MiCA in the EU and potential U.S. stablecoin laws are creating clarity, while crypto-friendly policies under Donald Trump could accelerate progress,” said Brameshuber. “The future for stablecoins has never looked brighter.”
According to the Autorité des Marchés Financiers (AMF), MiCA regulation mandates that crypto-asset service providers (CASPs) obtain authorization before offering services. They can do so by getting approval from national authorities or notifying them if they are already authorized under specific statutes. The regulation imposes obligations on CASPs including incorporation requirements, governance standards, client asset protection measures, and complaints handling procedures.
The potential appointments of Paul Atkins as Chairman of the Securities and Exchange Commission (SEC) and David Sacks as Crypto Czar by President-elect Donald Trump could signal changes in U.S. crypto regulation. If confirmed, Atkins, known for his pro-innovation stance, may implement a lighter regulatory framework compared to the previous stricter SEC leadership. Sacks, with his background in venture capital and tech, could help shape U.S. crypto policy, according to Crypto Briefing.
According to the American Bar Association, stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to reserve assets, typically fiat currencies like the U.S. dollar. While the EU has introduced regulations, the U.S. lacks a comprehensive federal law, though some states have enacted their own. Stablecoins, which are used for transactions and trading, include fiat-backed, commodity-backed, crypto-backed, and algorithmic types. Their market has grown significantly, reaching about $159 billion in 2024. International regulatory considerations may impact domestic frameworks due to the cross-border nature of stablecoin transactions.
Brameshuber is the co-founder of Validvent and a board member of the Digital Asset Association Austria (DAAA). He is a certified tax advisor and a Web3 entrepreneur with five years of experience researching and teaching crypto economics at the University of Vienna. Brameshuber offers crypto tax and digital assets tax advisory services and provides consulting for Web3 startups.
