The European Parliament's Committee on Economic and Monetary Affairs (ECON) is pushing for a review of regulations surrounding decentralized finance (DeFi), staking, and non-fungible tokens (NFTs). In an own-initiative resolution, lawmakers are asking the European Commission to assess whether these areas should be regulated under EU-wide rules.
The proposal, drafted by Belgian MEP Johan Van Overtveldt, would encourage a broader tokenization of financial services and consider the development of euro-denominated stablecoins. The draft also stresses the importance of consistent application of the Markets in Crypto-Assets Regulation (MiCA) across EU member states.
The resolution is set for a plenary vote on July 7, which would make it Parliament's policy position without directly changing MiCA or creating new binding legal obligations. This move comes as the European Commission is already reviewing MiCA and considering whether to expand its scope to cover DeFi, staking, lending, NFTs, and tokenized financial assets.