The European Parliament's Committee on Economic and Monetary Affairs (ECON) has proposed that additional parts of the crypto sector be brought under EU regulation. The committee, led by Belgian Member of the European Parliament Johan Van Overtveldt, asked the European Commission to assess whether activities such as crypto lending and borrowing, staking, non-fungible tokens (NFTs), and decentralized finance (DeFi) should be regulated beyond the current scope of the EU's Markets in Crypto-Assets Regulation (MiCA).
The proposal, set out in an own-initiative resolution tabled for a plenary vote on July 7, signals how lawmakers may shape subsequent Commission proposals and supervisory priorities. The resolution would not amend MiCA or create new legal obligations but could influence the direction of EU crypto policy.
ECON's central request is forward-looking: the committee asks the Commission to evaluate regulatory coverage for activities that are not uniformly addressed by MiCA's current scope. This includes assessing whether crypto lending and borrowing, staking, NFTs, and DeFi merit additional regulation beyond MiCA.
The resolution also supports the development of euro-denominated stablecoins within MiCA's framework, framing them as potentially complementary to tokenized bank deposits and wholesale central bank digital currency models. ECON calls for consistent application of MiCA across member states to preserve a level playing field for crypto firms, which could help mitigate operating costs and legal uncertainty.