Cardano Foundation Tells EU to Repair MiCA Before Expanding It to DeFi

The Cardano Foundation has called on European Union officials to prioritize fixing existing flaws in the Markets in Crypto-Assets regulation. The foundation argues against extending the framework to cover decentralized finance and crypto staking at this time. MiCA took effect as the EU's comprehensive attempt to regulate crypto-asset markets. It established licensing requirements, consumer protections, and operational standards for exchanges, stablecoin issuers, and other centralized crypto service providers. The framework has been held up internationally as one of the first broad regulatory regimes for digital assets.