EU Parliament asks Commission to review DeFi, NFTs after MiCA

The European Commission had already started reviewing possible changes earlier this year. In May, it opened a public consultation on whether MiCA should cover additional crypto activities and whether restrictions on interest-bearing stablecoins should be reconsidered.

Parliament's report takes a favorable view of tokenization and euro-denominated stablecoins. It states that regulated digital assets could strengthen the competitiveness of European financial markets if the rules are applied consistently across the bloc.

Recent market data points to growing activity in regulated euro-backed tokens. Payments company Decta found that the combined market capitalization of eight MiCA-compliant euro stablecoins increased 128% over the 52 weeks ending June 28, 2026, rising from $295.6 million to $673.9 million. Decta also reported a 43.1% increase in combined trading volume. The number of compliant euro stablecoins with active market data grew from five to eight. EURC, EURCV, and EURI accounted for most of the expansion, Decta said.

The end of MiCA's transition period has prompted changes across the industry. BNB Chain recently published guidance explaining how users can move assets from centralized exchanges into self-custody wallets and connect directly with decentralized applications. The guide was released as European users evaluate whether their exchanges remain authorized under MiCA's licensing requirements.

Parliament's latest position does not immediately change the law. It gives the European Commission political backing to continue examining parts of the crypto market that remain outside MiCA. Any expansion of the framework would still require separate legislative proposals before new rules could take effect.