According to Cointelegraph, the European Commission launched a consultation on the MiCA 2.0 framework in May, covering stablecoins, DeFi, and prediction markets, with submissions due by August 31. Katie Harries, Coinbase’s Head of Policy, stated that MiCA has set an early global benchmark for EU digital asset regulation, and revisions should optimize reserve rules for euro-backed stablecoins and permit non-interest-bearing incentives. Catarina Veloso, Head of Compliance at Notabene, noted that if stablecoins are positioned as payment infrastructure, redemption, liquidity, and reserve management will become central to regulation. The industry is calling for clear criteria to define DeFi decentralization.
The EU Commission Launches MiCA 2.0 Consultation on Stablecoin and DeFi Regulation
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Summary
The European Commission has launched a public consultation on MiCA 2.0, focusing on stablecoin regulation, DeFi, and prediction markets. The consultation runs until August 31. Katie Harries of Coinbase called for clearer rules on euro stablecoin reserves and non-interest incentives. Catarina Veloso of Notabene noted that liquidity and crypto markets will be central if stablecoins are viewed as payment infrastructure. Industry groups are seeking clear definitions for DeFi decentralization.
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