# US vs MiCA > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [492]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-09-02 (YouTube upload date), https://www.youtube.com/watch?v=NpgwaUaTQ04. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Regulatory commentary. - Career works it belongs to: - The Big Deal (2011): Four-essay blog series arguing that government has hit hard limits, so civil society, working with... (suggested by machine) - Complexity Kills (2012): Talk on surviving a systemic collapse: pick your team with a Social Thermometer, then map threats to... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Threads (lines of work through his career) it is part of: - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - goat rodeo to warlords: The goat rodeo idea, from a 2010 blog post to a 2011 one-page paper to the opening chapter of Warlords, Inc. (2015). (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - Topics: Crypto compliance & money laundering (100%) - Distinctive terms here, against the whole archive: Silicon Valley (1 here; 37 sources in all, earliest dated 2014, 1 undated); Dubai (1 here; 41 sources in all, earliest dated 2011, 1 undated); expertise (1 here; 65 sources in all, earliest dated 2006, 1 undated) - Importance: core-text score 0.11 (1.00 is the top), number 550 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [514] [The Once and Future Ethereum (2025)](https://guptaoption.com/texts/514.md); [516] [Farmville and Ethereum: Limits to Growth (2025)](https://guptaoption.com/texts/516.md); [505] [The State is Not Our Master: Friendly American... (2025)](https://guptaoption.com/texts/505.md) - On the same works, just after: [477] [Keeping Your Own Reality Register (2025)](https://guptaoption.com/texts/477.md); [478] [Gold-Backed Alternatives to Stablecoins (2025)](https://guptaoption.com/texts/478.md); [479] [Currency Wars: Stablecoins, T-Bills, CBDCs (2025)](https://guptaoption.com/texts/479.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: US vs MiCA, video, 2025-09-02, https://www.youtube.com/watch?v=NpgwaUaTQ04; in Vinay Gupta's archive at guptaoption.com, source [492], https://guptaoption.com/texts/492.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=NpgwaUaTQ04&t=0s) Yeah. Um, so I mean, broadly speaking, uh, it was more or less impossible to do anything in any kind of interesting way anywhere in the world, uh, until the Americans decided that they were going to burn the financial regulators to the ground under the Trump administration and just kick the doors wide open. And that is a that is an extreme simplification of the situation. But if you look at the kind of enormous trails trials and travails of trying to get tokens issued in the UK, um that has been a nightmare for everybody that tried it, you know, if you take it out through Switzerland, you know, years to get licensed. Micah is 150 pages of leg legislation or more. These systems are extremely complex. They're heavyweight. They're hard to use. They feel completely different from people just banging out meme coins on pump fun in, you know, 20 minutes and most of that is waiting for the coffee maker. So I kind of feel like we're in a position where crypto naturally has torn into completely lawless groups and also completely scllorotic groups that are not really innovating at all. I would argue that Micah is you know a a very slowing down kind of regulatory framework and then the Americans come along and you know they've had years probably eight years of delays. finally they're kind of ready to get down to work. And what I'm hoping for is that you'll see a healthy looking issuance uh culture grow up in America where you get a nice blend of Silicon Valley, you know, west coast ideology and east coast expertise and what you'll get is a new set of mechanisms for issuing financial instruments and then the rest of the world can copy that model and catch up. But where we are right now, I think that is absolutely the case that, you know, you kind of you're either too slow or you're outside of the law. And it's very very hard to find this blended middle point where it all really just kind of works. Uh I'm hearing good noises about Dubai. Um but yeah, I I think that this is sort of, you know, yes, you got a lot of wild cutting going on, but also the regulators are really really not helping most places. --- End of [492] US vs MiCA. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [477](https://guptaoption.com/texts/477.md) Keeping Your Own Reality Register (2025); his whole career in one file, https://guptaoption.com/story.md.