With that in mind, the European Commission announced Wednesday (May 20) that it has launched a consultation to get feedback from stakeholders and the general public on the functioning of the Markets in Crypto‑Assets Regulation (MiCA).

“As crypto asset markets and the broader policy landscape continue to expand, the commission is assessing whether the current framework remains fit for purpose,” the announcement said.

MiCA created a “harmonized” EU framework for crypto assets and related services, governing things like cryptocurrency asset‑referenced tokens and stablecoins, their issuers, and crypto asset…