TLDR
- The European Parliament adopted a digital assets policy report after MiCA’s transition ended.
- The report asks the EU Commission to review DeFi, staking, lending and NFTs.
- MiCA’s transition period ended on July 1 for covered crypto service providers.
- The report does not amend MiCA or create new legal duties for crypto firms.
- MiCA-compliant euro stablecoins grew 128% in market cap over 52 weeks.
The European Parliament adopted a digital assets report calling for a closer review of DeFi, staking, crypto lending, borrowing, NFTs, and tokenized financial assets after the end of MiCA’s transition period.
The report, titled “Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system,” sets Parliament’s policy stance on the next stage of crypto regulation. The vote does not amend MiCA and does not create new legal duties for crypto firms.
MiCA’s transition period ended on July 1, requiring crypto-asset service providers covered by the framework to obtain national or EU-wide authorization to continue operating across the bloc.
EU Lawmakers Look Beyond MiCA
The European Parliament’s report asks the European Commission to assess whether some crypto activities outside MiCA should receive clearer regulatory treatment. These areas include decentralized finance, staking, crypto lending and borrowing, NFTs, and tokenized financial assets.
Lawmakers said the EU should avoid fragmented national rules that could weaken the single market for digital assets. The report calls for consistent MiCA application across member states as crypto firms move into the full licensing phase.
MiCA already created rules for crypto-asset service providers and issuers of certain tokens. However, parts of the market remain outside its direct scope, which has kept DeFi, staking, and some NFT activity under policy review.
The Parliament’s position gives political support for further work by the European Commission. Any expansion of MiCA would still require separate proposals, negotiations, and approval before new rules could take effect.
DeFi, Staking and NFTs Face Review
The report does not say that DeFi, staking, lending, or NFTs must immediately fall under MiCA. Instead, it asks the European Commission to assess whether the current framework leaves gaps that need future action.
The European Commission had already opened a public consultation in May on possible changes to MiCA. That review asked whether additional crypto activities should be covered and whether restrictions on interest-bearing stablecoins should be revisited.
The Parliament’s stance comes as regulators and firms adjust to the new licensing regime. Crypto companies that operate across the EU must now show they meet MiCA rules or rely on valid national authorization where available.
The review could matter for platforms offering lending products, staking services, NFT marketplaces, and DeFi access tools. For now, the report remains a policy position rather than a binding rule.
Tokenization and Euro Stablecoins Get Support
The Parliament report takes a more supportive tone toward tokenization and euro-denominated stablecoins. Lawmakers said regulated digital assets could support European financial markets if rules are applied clearly and consistently.
Tokenized financial assets remain a growing area of policy interest in the EU. The report suggests that lawmakers want to balance market development with financial integrity and investor protection.
Recent market data from Decta showed activity in MiCA-compliant euro stablecoins has increased. The combined market capitalization of eight compliant euro stablecoins rose 128% over the 52 weeks ending June 28, 2026, from $295.6 million to $673.9 million.
Decta also reported a 43.1% rise in combined trading volume. The number of compliant euro stablecoins with active market data increased from five to eight, with EURC, EURCV, and EURI accounting for much of the growth.
Crypto Firms Adjust After July 1 Deadline
The end of MiCA’s transition period has pushed exchanges, custodians, issuers, and other crypto firms to adjust their European operations. Providers covered by the regulation now need authorization to keep serving users across the bloc.
Some users have also moved assets into self-custody wallets while checking whether their exchanges remain authorized. BNB Chain recently published guidance for users moving assets from centralized exchanges into wallets and decentralized applications.
The Parliament report warns against uneven national approaches that could create different rules across member states. Lawmakers said consistent enforcement is needed to support the EU’s digital asset market.
The next step rests with the European Commission, which must decide whether to propose changes covering DeFi, staking, lending, NFTs, or other crypto activities. Until then, MiCA remains the main EU crypto framework, while areas outside its scope stay under review.
