The EU's Markets in Crypto-Assets Regulation (MiCA) framework took a studious approach. Let's tackle CeFi first and take some time to figure out this DeFi stuff, the regulatory body seemingly said. The stance was seen as a win by the crypto industry — though it certainly had its flaws. With plugged-in speakers from L1 foundations to crypto custodians to stablecoin issuers, this panel discusses the ins and outs of Europe's approach to crypto regulation.