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EU MPs push for MiCA next phase

2026-07-08 18:15:20
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Parliament establishes MiCA\'s successor priorities

The European Parliament has adopted a formal policy document calling on the European Commission to evaluate whether decentralized finance (DeFi), pledges, crypto lending, and non-homogeneous tokens (NFT) should be included in the EU\'s existing crypto regulatory framework.

Parliamentarians adopted a report entitled \"Digital Assets-A Challenge to the Competitiveness and Integrity of the EU Financial System\", establishing Parliament\'s official position on the next phase of crypto regulation. The report was drafted by Belgian MP Johan van Oftfeldt and was approved by the Economic and Monetary Affairs Committee (ECON) on June 23, 2026 with 38 votes in favor, 6 against, and 12 abstentions. It was subsequently submitted as document A10-0186/2026.

Currently, MiCA focuses mainly on centralized crypto companies, such as token issuers and exchanges, with limited coverage of emerging crypto activities. ECON also called for the unified application of MiCA within the EU to avoid the fragmentation of the single market due to differences in rules among various countries. The document is non-binding: Once passed, the resolution will become Parliament\'s official position on digital asset policy, but will not modify MiCA or create new legal obligations.

Committee review is already in progress

This parliamentary initiative is synchronized with a parallel process at the EU level. The European Commission launched a targeted consultation on May 20, 2026, inviting industry participants, regulatory agencies, legal experts and the public to provide feedback. The consultation period will last until August 31, 2026. Afterwards, the committee will decide whether a revision of MiCA is necessary. The consultation covers stablecoin rules, DeFi, pledge, token classification, NFT and consumer protection. Any legislative changes are expected to take years, and the revised rules could take effect as early as 2027 or 2028.

This time point is of great significance to the entire industry. MiCA\'s transition period ended on July 1, 2026, after which crypto service providers must obtain authorization to operate within the EU. Even if MiCA is not immediately revised, Parliament\'s policy stance may still affect regulatory guidance, regulatory interpretations, and committees \'legislative drafting priorities.

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