EU Lawmakers Face Pressure to Soften MiCA Stablecoin Reserve Rules
EU lawmakers are under pressure to soften key provisions of the Markets in Crypto-Assets (MiCA) regulation, specifically the requirement that stablecoin issuers maintain 60% of their reserves in bank deposits. This push reflects concerns that the current framework could stifle liquidity and innovation within the bloc's digital asset sector.
Major stablecoin issuers and European central bank officials are lobbying for changes to the MiCA regulation, arguing that the current reserve requirement is too rigid. They claim it could hinder the ability of institutions to manage their reserves flexibly in response to evolving monetary conditions.
Meanwhile, white hat hackers have successfully recovered 52 Bitcoin worth approximately $5.4 million from a Coldcard wallet exploit. A new public portal has been launched to help victims verify their eligibility for restitution, signaling renewed momentum in collaborative cybersecurity efforts across the crypto ecosystem.