MiCA architect says EU should prioritize tokenization over DeFi rules
An adviser to the European Commission said the EU should build a broader digital asset framework for real-world assets and tokenization rather than try to create a “MiCA 2” to regulate decentralized finance. MiCA is not considered outdated, and feedback from the Commission’s current public consultation will guide next steps. MiCA’s transitional period ends July 1, after which crypto service providers must hold a MiCA license or stop serving EU clients. On DeFi, the adviser said regulating it is difficult because laws apply to people and organizations, not to computer networks, and he sees no need to regulate a movement with no clear representatives. DeFi was included as an emerging risk area in the consultation, but it remains largely outside MiCA’s scope. The broader debate continues over whether DAOs are truly decentralized enough to stay outside regulation.
