The title of this report is quite eye-catching: "Digital Assets—A Challenge to the Competitiveness and Integrity of the EU Financial System," but in simple terms, it aims to fit staking, lending, and tokenized assets into the existing framework. Review is review, but actual legislation is still far off. However, the trend is clear: purely on-chain activities will eventually face compliance pressure. How to design the protocol layer to remain decentralized without being classified as a "crypto asset service provider" will be the core challenge for builders going forward.

CoinJie news: The European Parliament has recently adopted a policy position requiring a review of whether decentralized finance (DeFi), staking, crypto lending, borrowing, and NFTs should be more clearly included in the EU’s crypto rules. The report, titled “Digital Assets—Challenges to the Competitiveness and Integrity of the EU Financial System,” sets the Parliament’s official stance on crypto regulation in the next phase. Although the document does not amend existing market supervision of crypto assets or impose new legal obligations on crypto companies, it calls on the European Commission to review areas beyond the current framework. The vote was held after the MiCA transition period ended, under which crypto-asset service providers covered by MiCA must obtain EU-wide or national authorization to continue serving clients. The Parliament also asked the European Commission to assess whether decentralized finance, staking, crypto lending, NFTs, and tokenized financial assets require additional regulatory measures.