EU Parliament Calls for DeFi, Staking, and NFT Rules Review
European lawmakers push for unified crypto regulation covering DeFi, staking, and NFTs while warning against fragmented national rules.
European Union lawmakers are urging regulators to assess whether existing rules adequately cover decentralized finance, staking, and non-fungible tokens, according to a nonbinding report that outlines the European Parliament's vision for the next phase of crypto oversight in the bloc.
The report signals growing legislative appetite to extend structured regulation beyond the Markets in Crypto-Assets framework, known as MiCA, which primarily targets centralized crypto asset service providers. Lawmakers appear concerned that emerging segments of the digital asset market — including DeFi protocols and NFT marketplaces — are operating in a regulatory gray zone that could expose consumers and financial stability to unchecked risks.
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Critically, the report also puts member states on notice against crafting their own national interpretations of MiCA. Divergent national rules would undermine the EU's goal of a single, harmonized crypto market, and Parliament is making clear it wants Brussels, not individual capitals, to set the standard going forward.
While nonbinding in nature, the document carries political weight as a blueprint that can shape future legislative proposals from the European Commission. It reflects a broader push among EU institutions to close regulatory gaps before the crypto industry evolves further beyond the reach of current law.
The move comes as global regulators race to keep pace with rapidly shifting digital asset markets, and the EU's proactive stance could set a precedent that influences rulemaking in other jurisdictions. Continue reading at Cointelegraph.
