Cardano Foundation urges EU against expanding MiCA rules to DeFi and staking
Summary
The Cardano Foundation urged the European Commission to avoid standalone rules for DeFi and staking, saying existing financial laws should apply according to activities and risks. It argued that direct network participation—such as delegating ADA without giving up custody—should be distinguished from intermediary staking services that control users’ assets. The foundation also warned that overlap between MiCA and other financial laws could create uncertainty across EU member states. Its submission comes as ESMA considers stronger safeguards for staking, lending and borrowing, and a regulated category for firms offering access to DeFi protocols.
