Circle urges EU to revise stablecoin reserve rules in MiCA review
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50,000 Europeans call on EU to ease stablecoin rewards restrictions in MiCA review
A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules.
The European Parliament has called for a review of DeFi and NFT regulation, and a follow-up framework for MiCA has been put on the agenda.
PANews reported on July 8th that, according to a report by Crypto.news, members of the European Parliament on Tuesday adopted a policy position report, requesting the European Commission to review whether DeFi, staking, crypto lending, NFTs, and tokenized financial assets should be included in the subsequent regulation under the MiCA framework. The report does not amend existing laws or add new obligations, but sets priority directions for the next phase of crypto regulation. It also calls for consistency among member states, warning that differing national practices could weaken the EU's single market for digital assets. In May, the European Commission launched a public consultation on whether the MiCA should be extended to more crypto activities and whether to reconsider restrictions on interest-bearing stablecoins. The report takes a positive stance on tokenization and euro-denominated stablecoins, stating that unified implementation of rules would enhance the competitiveness of the European financial market.
Federal Reserve Unveils Stablecoin Rules on Reserves and Capital
The central bank opened two proposals for comment under the GENIUS Act, requiring issuers it supervises to back tokens fully with safe assets and creating an application process for banks seeking to issue stablecoins.
EU banking watchdog calls for crypto lending rules under MiCA
The EBA outlined potential rules for crypto lending and firms providing access to DeFi protocols as part of the European Commission’s MiCA review.
A single market worth protecting: Getting the MiCA review right
As the European Commission’s MiCA review consultation closes, Europe must decide whether its crypto rulebook is protecting the market without making it too costly to build in.
Illinois draft crypto tax rules detail DeFi, stablecoin treatment
Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers.