Update
Cardano Foundation Urges EU Against Expanding MiCA Rules to DeFi and Staking
The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance (DeFi) and staking. The foundation argues that existing financial laws should govern such activities based on their functions and risks, not the technologies they use. The foundation also called for clearer distinctions between the EU's Markets in Crypto Assets Regulation (MiCA) and existing financial laws, warning that overlapping requirements and inconsistent interpretations could create uncertainty for crypto businesses.