A European Commission adviser said the EU’s Markets in Crypto-Assets Regulation (MiCA) is likely to be revisited as digital asset markets evolve beyond the conditions envisioned when the law was drafted.
Speaking at Paris Blockchain Week 2026, Peter Kerstens, adviser on technological innovation, digital transformation and cybersecurity in the Commission’s financial services department, said the Commission will conduct a review of MiCA and launch a public consultation to determine whether the rules are working for market participants and supporting business growth. He said the Commission will invite industry feedback with “no taboos,” asking stakeholders to point out where rules should be expanded, adjusted or left unchanged.
Kerstens highlighted that MiCA itself includes a review clause requiring the Commission to report on the regulation’s application by June 30, 2027, and to propose legislative changes if necessary. Noting that EU financial rules typically evolve in stages, he said it would be “rather unusual” if there were not a follow-up package — informally described as “MiCA 2” — over time. He stressed the review is not because the framework is broken but to ensure regulation keeps pace with a changing market structure: MiCA was written when markets were concentrated around a few large tokens and many smaller ones, and the ecosystem has since matured.
Kerstens warned that if regulation does not evolve alongside innovation, market participants may structure activities to fit existing rules, creating legal uncertainty. His remarks come as aspects of MiCA and related proposals are already being tested in practice. For example, on March 24 stablecoin issuer Circle urged the Commission to amend parts of its proposed Market Integration Package, calling for lower thresholds that limit the use of euro-denominated stablecoins in settlement and for broader access for crypto-asset service providers. Separately, on April 3 EU officials debated moving supervision of major crypto firms to the European Securities and Markets Authority amid concerns about inconsistent enforcement across jurisdictions.
The Commission’s open review and consultation will give firms, industry groups and other stakeholders an opportunity to shape how MiCA adapts to market developments and to signal where clearer or different rules may be needed as the crypto sector continues to mature.