EU to revise MiCA rules in 2027 amid US stablecoin push

European Union officials are preparing to revise the bloc’s MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime. Summary EU diplomats reportedly expect MiCA revisions in 2027, despite an ongoing European Commission consultation. Changes could address rules that have left non-EU stablecoins such as USDT without authorization. The review may expand MiCA to cover tokenized deposits, payments and other real-world assets. U.S. adoption of the GENIUS Act has added pressure on Europe to reassess its approach. 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, inclu...