Another W for
@circle @jerallaire and ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
@tether have declined to seek authorisation for solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB due to MiCAR requirements like heavy reserve holdings in EU banks, 1:1 backing, redemption rights, and liquidity rules.
The
@EU_Commission 's ongoing review of MiCAR (launched May 20, 2026) is a consultation process rather than an immediate rule change, and won't alter the current regulatory framework right away, but it does mean potential future adjustments that could ease some restrictions and improve the outlook for broader crypto access in the EU.
A targeted consultation for industry, supervisors & the public is currently open until August 31, 2026.
The review examines the future role of (global) stablecoins, their importance for EU users/international payments, and whether the current "blanket ban" on non-compliant ones is disproportionate.
Questions cover prudential rules, reserve/liquidity requirements, redemption rights, and "significance" thresholds for stablecoins.
This opens the door to potential easing: e.g., better access to major global stablecoins, calibrated rules for reserves, or frameworks for cross-border use.
It fulfills MiCA's built-in review mandates (Articles 140/142) to evaluate implementation experiences, market developments, and whether the rules remain "fit for purpose."
Key topics include:
- Stablecoin regime (EMTs like USDT/USDC and ARTs)
- Scope for DeFi, staking, NFTs, tokenised assets, and CASP (crypto-asset service provider) rules
- Interplay with other EU laws (e.g., MiFID for tokenised securities)
A report to the European Parliament and Council is expected by around mid-2027; this could lead to legislative proposals (i.e., "MiCA 2.0") if gaps are identified.
Main Consultation Page (for industry/experts)
finance.ec.europa.eu/regulat…
Public Consultation Page (for individuals/general public)
finance.ec.europa.eu/regulat…
🚨 EU TO DELIST TETHER'S $175 BILLION USDT FROM LICENSED EXCHANGES
Major exchanges including Binance, Coinbase, Kraken, and Crypto .com have removed USDT for EU users after Tether chose not to seek approval under Europe's MiCA regulations.
Meanwhile, Circle's USDC has secured full compliance, making it the only major stablecoin available on any licensed EU exchanges ahead of the July 1 deadline.