Hester Peirce, the Republican leader at the US Securities and Exchange Commission, has suggested that Europe's cryptocurrency regulations could serve as a model for the US. Speaking at a Financial Times event, Peirce praised the Markets in Crypto Assets law (MiCA), which was passed by EU lawmakers in April. The law aims to ensure that crypto transfers can always be traced and suspicious transactions can be blocked. Peirce also expressed her lack of optimism about the current regulatory system in the US, but noted that Congress is "working on some things."