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Crypto Regulation

50,000 Europeans Urge EU to Ease Stablecoin Rewards Rules in MiCA Review

A 50,000-letter campaign is pressing Brussels to rethink restrictions on stablecoin rewards as part of the EU’s MiCA review. EU central banks are simultaneously seeking broader changes to MiCA’s stablecoin rules, putting the rewards question at the center of the bloc’s next round of crypto rulemaking.

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AI take

The collision of a 50,000-letter industry campaign with central banks' own push to reshape MiCA's stablecoin rules suggests the rewards question is becoming a proxy for a larger fight over who gets to define stablecoin economics in Europe. The outcome will shape whether euro-denominated stablecoins can compete for liquidity against offshore alternatives, or whether the EU accepts a narrower, bank-adjacent model. The open question is whether the review treats rewards as a consumer-protection issue or as a monetary-policy one.

Generated by AI for reference only.

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