EU Prepares MiCA Revisions Amid Stablecoin Regulation Pressure

European Union officials are considering revisions to the Markets in Crypto-Assets (MiCA) regulatory framework, responding to pressure from the US's push for stablecoin legislation. The EU plans to reassess proposed MiCA changes in 2027, with a focus on how non-EU companies that issue stablecoins could be brought within the EU's rules.

The reported shift also points to potential updates covering tokenized payments and deposits, areas MiCA has not yet fully detailed for cross-border implementation. This move is part of the EU's response to the US Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which could alter regulatory expectations for stablecoins.

Under MiCA, crypto firms offering services to customers in the EU across its 27 member states must obtain authorization as Crypto-Asset Service Providers (CASPs), an approach designed to create a harmonized baseline for market participants. The EU licensing requirement took effect on July 1, but regulators have been balancing implementation with input channels for potential amendments.