Less than a month after the European Union’s flagship crypto regulations took full effect, Brussels is already preparing for an overhaul. The catalyst comes from across the Atlantic: new US stablecoin legislation, the GENIUS Act, which is shifting the global regulatory landscape and forcing Europe to reassess its stance.
According to cited reports, the European Commission is preparing to review several sections of the Markets in Crypto-Assets (MiCA) framework in response to developments on the global regulatory stage.
Why US Legislation Has Put Pressure on Europe
The review centers on how non-EU stablecoin issuers are treated under current rules. Following the passage of the GENIUS Act in the US, Europe sees a need to provide legal clarity for US-based stablecoin issuers looking to operate across its 27 member states. Policymakers are also reportedly considering expanding MiCA’s scope to cover tokenized deposits and payments.
Notably, the push for revision comes just days after MiCA’s licensing regime became fully operational. Since July 1, crypto firms serving customers in the EU have been required to secure authorization as a Crypto-Asset Service Provider (CASP) before offering services across the region.
What Changes for Crypto Firms
Although the rules have just taken effect, the European Commission has opened a public consultation for an update frequently dubbed “MiCA 2.0” by industry insiders, with the feedback window open until August 31. At the same time, the European Securities and Markets Authority (ESMA) will tighten supervision over operational resilience and the safekeeping of customer assets through the first half of 2027.
The regulatory race across both sides of the Atlantic points to one clear reality: the crypto rulebook has yet to truly settle. For market participants, ongoing adaptation is now an integral part of conducting digital asset business on the global stage.
Reported by crypto.news.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
