OKX and Crypto.com have officially received licenses under the Markets in Crypto-Assets Regulation (MiCA), allowing them to operate across the European Union. This development is expected to streamline their operations by enabling a 'passporting' feature, which eliminates the need for individual licenses in different EU countries. The MiCA framework is part of a broader effort in Europe to regulate the cryptocurrency sector, contrasting with the current regulatory environment in the U.S., where debates continue over the roles of the SEC and CFTC in overseeing the industry. The licenses mark a significant step towards establishing a regulated environment for cryptocurrencies in Europe.