EU lawmakers urge assessing DeFi, staking, NFT regulation
The European Parliament’s economic affairs committee wants the European Commission to assess whether MiCA should be expanded to cover crypto lending and borrowing, staking, NFTs and DeFi. It also urged stronger promotion of tokenization in financial services, support for euro-denominated stablecoins, and consistent EU-wide application of MiCA to avoid national fragmentation. The report, drafted by Johan Van Overtveldt, is an own-initiative resolution and will go to a plenary vote on July 7. If adopted, it would set Parliament’s position but would not change MiCA law. The committee’s stance reflects a more favorable view of regulated stablecoins. It said euro stablecoins could speed up cross-border payments, complement tokenized bank deposits and wholesale CBDCs, and boost the EU’s financial competitiveness and the euro’s global role. The Commission is already consulting on whether MiCA should cover DeFi, staking, lending, NFTs and tokenized assets. MiCA’s transition period ends July 1.
