BRUSSELS, June 27 — The European Parliament’s economic affairs committee has called on the European Commission to examine whether crypto lending and borrowing, staking, non-fungible tokens and decentralized finance should face formal regulation. The recommendations arrived Friday in a nonbinding report that outlines Parliament’s vision for future European Union crypto rules and warns against national divergences under the bloc’s Markets in Crypto-Assets Regulation. Drafted by Belgian Member of the European Parliament Johan Van Overtveldt, the report is an own-initiative resolution by the Committee on Economic and Monetary Affairs.
Against this backdrop of rapid digital asset evolution, the document also urges the Commission to promote tokenization across financial services and to encourage the development of euro-denominated stablecoins. It further asks Brussels to assess whether additional crypto activities should be brought under MiCA’s umbrella.
The legislative timeline shows the committee has approved the report and referred it for a plenary vote, expected July 6. If adopted, the resolution would become Parliament’s official position on digital assets policy. What is at stake here is significant: the text would not amend MiCA or create new legal obligations, but it would set a clear political direction for the Commission as it considers the next phase of crypto oversight.
The wider picture involves a careful balancing act. The committee’s report warns against member states creating their own national rules that deviate from MiCA, a fragmentation that could undermine the single market for digital assets.
In the corridors of the Parliament, the message is that harmonization remains essential even as new activities like DeFi and staking push the boundaries of existing regulation. For non-fungible tokens, the report asks whether they should be treated as financial instruments under certain conditions, a question that has divided regulators across Europe. The committee also wants clarity on decentralized finance, an area that currently operates in a regulatory grey zone.
Staking, a core mechanism for proof-of-stake blockchains, and crypto lending and borrowing platforms are likewise flagged for potential oversight. The report’s timing is notable. It arrives as the EU’s MiCA framework is being implemented, with stablecoin rules already in force and broader provisions set to apply later.
The committee’s resolution suggests that the Commission should not wait for the full MiCA rollout before considering next steps. Instead, it recommends a proactive assessment of whether the current regulatory perimeter captures all activities that pose risks to consumers or financial stability.
Tokenization of traditional financial assets, such as bonds and equities, receives explicit encouragement in the report. The committee sees this as a way to increase efficiency and transparency in capital markets, provided it is done within a clear legal framework. Euro-denominated stablecoins are singled out for promotion, reflecting a broader EU ambition to strengthen the euro’s role in digital payments and reduce dependence on non-European stablecoins.
Looking forward, the July 6 plenary vote will determine whether the full Parliament endorses these recommendations. If it does, the Commission will face political pressure to act on the committee’s requests.
The resolution would not force the executive arm to propose legislation, but it would give the Commission a clear mandate from the Parliament to explore new regulatory frontiers. For now, the crypto industry watches closely as Europe’s legislative machinery turns toward the next chapter of digital asset governance.
