EU Lawmakers Back Review of DeFi, Staking and NFT Regulation

The European Parliament’s economic affairs committee has urged the European Commission to assess whether crypto lending and borrowing, staking, non-fungible tokens and decentralized finance should fall under regulation. The committee’s recommendations, tabled in a report for a plenary vote, also call for promoting tokenization across financial services and encouraging euro-denominated stablecoins within the Markets in Crypto-Assets Regulation (MiCA).

Drafted by Belgian MEP Johan Van Overtveldt as an own-initiative resolution from the Committee on Economic and Monetary Affairs, the report sets out recommendations for the Commission on digital asset policy. It will next go before the full Parliament for a vote expected July 7; if adopted it would become Parliament’s official position but would not change MiCA or create new legal obligations.

European Union

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