French Authorities Urge EU to Hold Exchanges Liable for DeFi Access

This is a notable push to extend MiCA's perimeter beyond centralized intermediaries into DeFi access points, treating exchanges as the choke point where screening obligations can realistically attach. It matters most for platforms that already bridge users into on-chain protocols, and it signals that national supervisors see the exchange layer, not the protocol layer, as the enforceable one. Whether the Commission takes up the liability framing in its MiCA review, and how it defines 'adequate screening' for DeFi access, is the open question worth watching.