A European Commission adviser said the EU’s Markets in Crypto-Assets Regulation (MiCA) will likely be reviewed and could evolve as digital asset markets develop beyond the conditions the law was designed to address.
Speaking at Paris Blockchain Week 2026, Peter Kerstens, an adviser on technological innovation, digital transformation and cybersecurity in the Commission’s financial services department, said the Commission will review MiCA and launch a public consultation to assess whether the rules work for market participants and support business development. He said the Commission will invite industry feedback with “no taboos,” asking market participants to identify where rules should be expanded, adjusted or left unchanged.
Kerstens noted MiCA contains a built-in review clause requiring the Commission to report on its application by June 30, 2027, and to accompany that review with legislative proposals if needed. He said EU financial legislation typically evolves in stages and that it would be “rather unusual” if there were not a “MiCA 2” over time. He emphasized the review is not a response to a broken framework but a move to ensure rules keep pace with a changing market structure: MiCA was drafted when markets were dominated by a few large assets and many smaller tokens, and the ecosystem has since matured.
Kerstens warned that if regulation does not evolve alongside innovation, markets may develop around existing rules, creating legal uncertainty. His comments come as parts of MiCA and related frameworks are being tested. On March 24 stablecoin issuer Circle urged the Commission to adjust elements of its proposed Market Integration Package, including lowering thresholds that limit the use of euro-denominated stablecoins in settlement and expanding access for crypto-asset service providers. Separately, on April 3 officials debated whether to shift supervision of major crypto firms to the European Securities and Markets Authority amid concerns over inconsistent enforcement.