Circle's director of EU strategy and policy and chief strategy officer said the coming year "will be transformative" for stablecoins as the European Union's market for crypto-asset (MiCA) regulations begin to take effect. Patrick Hansen and Dante Disparte argue that forward-thinking members of the crypto industry, who initially dismissed European legislators' work on digital asset market reform MiCA as "populism and regulatory theatre", have spent years preparing for the legislative change. MiCA represents, Circle representatives say, a unique opportunity to form its own European regulated crypto market. Even despite the restrictions prescribed in the law and excessive regulatory protectionism. Organizations that fail to overcome all obstacles in the shortest possible time will likely cease to operate or lose a significant share of the EU market.