EU Eyes Stablecoin Regulation Expansion Amid US Law Pressure

European Union officials are planning to revise the Markets in Crypto-Assets (MiCA) framework, dubbed 'MiCA 2.0,' in response to a US law on stablecoins and rules on tokenized payments and deposits.

The proposed changes will broaden the scope of MiCA to include non-EU companies issuing stablecoins, specifically in relation to the US government's Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

According to a report from Euronews, EU officials plan to revisit the proposed changes in 2027, which will also consider expanding MiCA to include rules on tokenized payments and deposits.