The European Parliament’s economic affairs committee wants the European Commission to take a closer look at whether DeFi, staking, crypto lending, and NFTs should fall under formal regulation.
The recommendations came in a report drafted by Belgian MEP Johan Van Overtveldt, approved by the Committee on Economic and Monetary Affairs and now headed for a full parliamentary vote expected July 7. If adopted, it becomes Parliament’s official position—though it won’t rewrite MiCA or create new legal obligations.
One notable shift: the report pushes for euro-denominated stablecoins under MiCA, framing them as a way to modernize the bloc’s payment sector and strengthen the euro’s international role. That’s a different tone from Van Overtveldt’s 2023 stance when he compared crypto to drugs during the banking crisis.
A stablecoin-related anchor: the report ties its support to faster, cheaper cross-border payments and hopes to avoid a patchwork of national rules that could fragment the EU’s digital asset industry.
The resolution also warns member states against layering national requirements on top of MiCA. The Commission is already reviewing the regulation and launched a public consultation in May.
Why it matters: Parliament also backed a digital euro this week, making it clear that public and private digital money should compete on services—not just coexist.
What’s next? The July plenary vote will signal how serious lawmakers are about expanding crypto rules beyond MiCA’s current scope.
