The European Parliament has adopted a policy paper calling for the European Union to consider expanding its crypto regulatory framework beyond the Markets in Crypto-Assets (MiCA) regulation.
Approved on Tuesday, the report outlines Parliament’s position on the future of digital asset regulation. While it does not change existing laws or introduce new legal requirements, it urges the European Commission to examine whether crypto activities that currently fall outside MiCA should face clearer oversight.
The paper comes just days after MiCA’s transition period ended on July 1, requiring crypto-asset service providers covered by the framework to secure authorization before operating across the European Union.
Should DeFi, staking and NFTs be regulated?
A key focus of the report is the growing crypto sector that remains outside MiCA’s current scope. Lawmakers asked the European Commission to assess whether Decentralized Finance (DeFi), crypto lending and borrowing, staking services, and Non-Fungible Tokens (NFTs) should be brought under future EU rules.
They argue that these areas have grown rapidly and deserve a clearer legal framework to improve market certainty while protecting users.
The report also highlights the need to monitor new developments in digital assets as the industry continues to evolve beyond traditional crypto trading and token issuance.
EU seeks consistent crypto rules across member states
Lawmakers also stressed that MiCA should be applied consistently across all EU member states. They warned that different national approaches could create regulatory gaps and weaken the bloc’s single market for digital assets.
The report encourages closer coordination among national regulators to ensure crypto firms face the same standards regardless of where they operate within the European Union.
The recommendation reflects ongoing efforts to build a unified crypto market under MiCA rather than allowing individual countries to introduce conflicting requirements.
Support grows for tokenization and euro stablecoins
Beyond stricter oversight, the report takes a positive view of blockchain innovation. Lawmakers said tokenization could strengthen Europe’s financial markets by making assets more accessible and efficient.
The paper also highlights the potential role of euro-denominated stablecoins in supporting the region’s digital economy. It urges policymakers to continue reviewing MiCA to ensure the framework keeps pace with technological developments while maintaining financial stability.
The European Commission is already reviewing possible updates to MiCA after launching a public consultation in May on expanding the regulation to cover additional crypto activities and reconsidering existing rules on interest-bearing stablecoins.
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