EU Plans to Revise MiCA 2.0 to Expand Regulation of Non-EU Stablecoin Issuers
EU officials plan to revise MiCA (dubbed "MiCA 2.0") to expand the regulatory scope to include non-EU stablecoin issuers in response to the US GENIUS Act.
Source: Public Information
ABAB AI Insight
The EU previously launched MiCA for unified crypto regulation, and this 2.0 revision continues its strategy of adjusting the framework in response to global competitive dynamics, targeting the US GENIUS Act to protect the competitiveness of local stablecoins.
On the capital front, expanding regulation to non-EU issuers mobilizes European entities for compliance, motivated by the need to prevent regulatory arbitrage and enhance the attractiveness of euro stablecoins, strategically maintaining the EU's voice in global digital asset rule-making.
Similar to the advancement of US stablecoin legislation and the EU's countermeasures, we are currently in the early stages of a regulatory race among major global economies regarding stablecoins.
Essentially, this is a change in regulation and capital concentration: MiCA 2.0 responds to the US legislation, mechanism-wise stemming from cross-border competitive pressure, prompting the shift of pricing power towards compliant European issuers and accelerating the fragmentation of global stablecoin rules towards regional barriers.
ABAB News · Cognitive Law
The regulatory race is a capital contest, with MiCA 2.0 responding to the GENIUS Act.
Inclusion of non-EU issuers, compliance costs define the global layout of stablecoins.
The bill's response accelerates rule iteration, reshaping the structure of cross-border capital flows through regional regulation.