EU lawmakers have approved a policy position calling for a review of whether decentralized finance, staking, crypto lending, borrowing and NFTs should be brought more clearly under the European Union’s crypto rulebook after MiCA’s rollout.
Summary
- EU lawmakers want the European Commission to review DeFi, staking, NFTs and crypto lending under MiCA.
- Parliament’s report does not change the law but outlines priorities for future crypto regulation.
- Decta data shows MiCA-compliant euro stablecoins grew 128% in market cap over the past year.
According to the European Parliament, members on Tuesday adopted the report titled Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system, setting out Parliament’s official position on the next stage of crypto regulation.
The paper does not amend the Markets in Crypto-Assets regulation or impose new legal obligations on crypto companies, but it asks the European Commission to examine areas that remain outside the existing framework.
The vote comes days after MiCA’s transition period ended on July 1, when crypto-asset service providers that fall under the regulation became required to obtain either EU-wide or national authorization to continue serving customers across the bloc.
Lawmakers have turned attention to activities outside MiCA
With MiCA now in force, Parliament has asked the European Commission to assess whether decentralized finance, staking, crypto lending and borrowing, non-fungible tokens, and tokenized financial assets require additional regulatory treatment. The report also calls for consistent enforcement across member states, warning that different national approaches could weaken the EU’s single market for digital assets.
Earlier this year, the European Commission had already begun reviewing possible changes to the framework. In May, the Commission opened a public consultation seeking feedback on whether MiCA should cover additional crypto activities and whether restrictions on interest-bearing stablecoins should be reconsidered.
Alongside those proposals, Parliament’s report presents a favorable view of tokenization and euro-denominated stablecoins, stating that regulated digital assets could strengthen the competitiveness of European financial markets if the rules are applied consistently throughout the bloc.
Recent market data has pointed to growing activity in regulated euro-backed tokens. As previously reported by crypto.news, payments company Decta found that the combined market capitalization of eight MiCA-compliant euro stablecoins increased 128% over the 52 weeks ending June 28, 2026, rising from $295.6 million to $673.9 million.
Decta also reported a 43.1% increase in combined trading volume, while the number of compliant euro stablecoins with active market data grew from five to eight. According to Decta, EURC, EURCV and EURI accounted for most of the expansion.
Companies and users continue adapting to the new rules
The end of MiCA’s transition period has also prompted changes across the industry as firms and users adjust to the licensing regime.
As previously reported by crypto.news, BNB Chain recently published guidance explaining how users can move assets from centralized exchanges into self-custody wallets and connect directly with decentralized applications. The guide was released as European users evaluate whether their exchanges remain authorized under MiCA’s Crypto-Asset Service Provider licensing requirements.
While Parliament’s latest position does not immediately change the law, it gives the European Commission political backing to continue examining parts of the crypto market that remain outside MiCA. Any expansion of the framework would still require separate legislative proposals before new rules could take effect.