EU to revise MiCA rules in 2027 amid US stablecoin push
European Union officials are preparing to revise the blocs MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime. EU officials reportedly see MiCA revision as unavoidable European diplomats said policymakers are expected to reopen the Markets in Crypto-Assets Regulation in 2027, according to a Euronews report. The planned revision would examine how MiCA treats stablecoins issued outside the European Union. Current requirements have prevented several foreign issuers from receiving authorization, limiting their access to regulated exchanges across the bloc. “Reopening the file seems unavoidable at this stage,” an unidentified European diplomat told Euronews. The diplomat cited positions taken by European institutions, including the European Central Bank, along with changes in global regulation and digital-asset technology. No final proposal has been published. Any amendment would need to pass through the EUs legislative process before taking effect. MiCA consultation could shape the 2027 proposal The European Commission opened a targeted MiCA consultation on May 20 to determine whether the framework remains fit for purpose following its initial implementation. The consultation covers developments that have occurred since MiCA entered into application. Its deadline has been extended to Sept. 30, with crypto issuers, service providers, regulators, central banks and finance ministries invited to