The European Parliament has officially adopted a position paper on digital assets. This isn’t new law — but it tells us where Brussels is headed next.
The vote turned a report called “Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system” into Parliament’s formal policy stance. It calls on the European Commission to take a closer look at DeFi, crypto lending and borrowing, staking, and NFTs. The question: should these be pulled more clearly into the EU’s regulatory net?
MiCA’s transition period ended July 1. That means crypto firms operating in the EU now need bloc-wide or national authorization to keep going. The Parliament paper urges consistent application of MiCA across member states and warns against national rules that could fragment the market.
The European Commission is already reviewing whether MiCA needs expanding. In May it opened a public consultation on potential changes — including whether more crypto activities should be covered and whether restrictions on interest-bearing stablecoins should get a second look.
The tone on tokenization and euro-denominated stablecoins is notably supportive. The paper argues digital assets could boost EU financial competitiveness — as long as regulation stays consistent across the bloc.
Bottom line: MiCA is live, but the debate about what comes next is just getting started.
