EU Crypto Firms Rush to Comply with MiCA Regulation Before Deadline

The European Union's Markets in Crypto-Assets (MiCA) regulation is creating a rush among crypto companies to comply before the July 1 deadline. However, only 194 firms have secured MiCA authorization across the EU as of May 2026, leaving an estimated 75% of companies yet to obtain the license required to operate under the new regime.

The urgency stems from the fact that these companies are at risk of being shut out of the European market. The MiCA regulation is a key part of the EU's efforts to regulate the crypto industry and provide greater transparency and protection for investors.

Among the firms yet to obtain MiCA authorization are leading players such as Tether, Ethena, and BitGo COO Jody Mettler.