The European Commission is reviewing stablecoin and DeFi regulations under MiCA 2.0 to enhance clarity and competitiveness in digital asset markets.
The European Commission has launched a public consultation to refine its Markets in Crypto Assets (MiCA) framework, targeting stablecoins, decentralized finance (DeFi), and tokenization. Feedback will shape MiCA 2.0, an updated regulatory package expected to follow the initial rules enforced on December 30, 2024.
MiCA’s full implementation began this year, with the first licenses issued in early 2025. The framework established a unified regulatory approach across EU member states, positioning the bloc ahead of the U.S. in crypto oversight. Industry stakeholders argue refinements are needed to maintain global competitiveness.
Coinbase’s Europe policy head, Katie Harries, noted MiCA set an early benchmark but called for further clarity to support innovation. The consultation period precedes legislative revisions aimed at addressing gaps in the current framework.