EU MiCA Review Targets Non-EU Stablecoin Rules Amid U.S. Policy Shifts

EU initiates MiCA regulatory review to address licensing barriers for non-EU stablecoins, influenced by U.S. GENIUS Act and Trump administration policies.

Woofun AI reports that the European Union has launched a review of its crypto asset regulatory framework, specifically targeting operating rules for non-EU stablecoins. This initiative addresses licensing barriers that currently exclude major foreign issuers like Tether, leaving European users potentially unprotected. The review is shaped by the passage of the U.S. GENIUS Act and stablecoin policies under the Trump administration. EU diplomats are also evaluating whether to expand MiCA's scope to include tokenized payment methods and deposits. The transition period for crypto asset service providers concluded on July 1, while the framework, approved by the EU Council on May 16, 2023, relies on market conditions from over three years ago.