TREE NEWS reports: Coinbase EU policy lead Roeland Van der Stappen said the European Union’s push to tighten DeFi oversight could drive crypto users toward platforms with fewer investor protections. Regulated crypto firms may respond to the requirements by restricting or removing access to DeFi services, he said. In its September response to the European Commission’s MiCA consultation, ESMA proposed a new regulated crypto-service category for firms offering clients access to DeFi protocols and floated client ‘suitability tests’ for crypto lending.
Coinbase EU Policy Head Warns DeFi Rules May Push Users to Riskier Platforms
AI take
The tension here is structural: rules designed to protect users can thin out the regulated on-ramps to DeFi, leaving activity to venues outside the framework. That matters most for EU-facing brokers and the clients who rely on them for compliant access, and it puts ESMA's proposed suitability tests at the center of the debate. Whether the consultation's final shape preserves access through regulated firms, or pushes it offshore, is the open question worth watching.
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