Market watchdogs in France, Austria and Italy want the European Union to tighten its approach to crypto regulation, warning that uneven enforcement of the bloc’s landmark MiCA legislation could leave investors exposed to risks that aren't covered by the rules. In a joint statement, France’s Autorité des Marchés Financiers (AMF), Austria’s Finanzmarktaufsichtsbehörde (FMA) and Italy’s Consob said the first months of MiCA’s rollout revealed “major differences” in how national supervisors apply the law. Witho ...

Core Viewpoint - Bitcoin price reached a record high, driven by optimistic sentiment surrounding U.S. regulation, particularly the proposed stablecoin legislation in the Senate [1] Group 1: Regulatory Developments - The recent rebound in Bitcoin and the broader cryptocurrency market is attributed to favorable regulatory news, including the stablecoin bill proposed after Democratic opposition was dropped [1] - The bipartisan group aims to pass the stablecoin legislation in the Senate as early as this week [1] Group 2: Market Sentiment - Michael Novogratz, CEO of Galaxy Digital, noted that the shift in regulatory stance from the SEC under former Chair Gary Gensler to the Trump administration has invigorated market sentiment [1] - This change is perceived to have released a sense of 'animal spirits' in both domestic and international markets, enhancing investment enthusiasm [1]