The article highlights how Donald Trump's pro-crypto stance and plans to overhaul crypto regulations in the US are attracting crypto giants like Binance, causing them to shift their focus from Europe to the States. This, coupled with the insane rally of Bitcoin to $108,000 this year, suggests that confidence in the crypto market has been boosted under Trump's administration. In contrast, the European Union's efforts in creating the Markets in Crypto-Assets Regulation (MiCA) are viewed as over-engineered and unattractive to companies due to the costs involved. The article also mentions that even Tether, the world's largest stablecoin, will not comply with MiCA and is being kicked off EU exchanges. With Trump appointing pro-crypto individuals and rolling out initiatives like setting up a national Bitcoin reserve, the US aims to become a global leader in the crypto space, leaving Europe to play catch-up.



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