EU to Revise MiCA Over Trump's Stablecoins and Tokenization

The European Commission is preparing to revise the MiCA regulation — even though it only reached full application on July 1, 2026. The main reason: the current rules don't regulate foreign stablecoin issuers operating in the European market, nor do they cover tokenized payments and deposits, Euronews reports, citing EU sources.

Pressure on European regulators has grown since US President Donald Trump signed the GENIUS Act in 2025 — a federal law creating a regulatory framework for fully-backed payment stablecoins. That matters because roughly 95% of all stablecoins worldwide are backed by the US dollar, and their transaction volume grew 72% in 2025, reaching $33 trillion.

Stakeholder consultations run through September 30, 2026, with the actual legislative revision expected in 2027. According to CryptoTimes, as of July 3, 2026, 280 crypto firms were already authorized under MiCA — the market is functioning, but regulators acknowledge the framework needs to expand faster than originally planned.

This is a separate process from what we've already covered: earlier, the European Parliament proposed extending MiCA to DeFi, staking and NFTs — now it's the European Commission working on expanding coverage to foreign stablecoin issuers and tokenization specifically. Both tracks are moving in parallel, addressing different gaps in the same regulation.

The upshot: MiCA was designed as a one-time, comprehensive framework, but less than a year after reaching full application, it's already clear the market — especially tokenization and global dollar stablecoins — is moving faster than European lawmaking can keep up with.

This piece is informational, not a recommendation to buy, sell, or hold any asset.