Cardano Foundation Urges EU to Clarify MiCA, Opposes Separate DeFi Rules

The Cardano Foundation is urging the European Union to clarify how existing crypto rules apply to decentralized finance (DeFi) and staking, while opposing separate regulatory regimes for those activities. The foundation submitted its position on Sept. 30 and made it public Oct. 21 as the European Commission reviews the Markets in Crypto-Assets Regulation (MiCA). The framework began applying in part on June 30, 2024, and in full on Dec. 30, 2024. The foundation wants regulatory duties to depend on what an identifiable operator does and how much control it has over customer assets or transactions.