Europe is still a fragmented mess even with MiCA. Can't compete with the U.S. at all.

The regulatory patchwork across EU member states is killing momentum. While America consolidates and moves fast, Europe's stuck in bureaucratic hell.

MiCA was supposed to unify the market but it's not enough. Different interpretations, different timelines, different enforcement = same old fragmentation.

U.S. is eating Europe's lunch on crypto innovation and capital flows. Not even close.