EU Perps and Stablecoins Under Scrutiny in MiCA Review

Perps Under MiFID II

Hyperliquid's policy group is calling for perps to be brought under the EU's MiFID II regulations. This would impose stricter standards on the trading of perps, which are a type of leveraged token.

Circle Targets MiCA's Bank Deposit Floor

In a separate move, Circle has filed documents with the European Commission's MiCA review, focusing on the bank deposit floor in the directive. This would require banks to hold a minimum amount of deposits in certain digital assets, such as stablecoins.

Regulatory Landscape for Stablecoins

The developments in the MiCA review highlight the growing regulatory attention on stablecoins and other digital assets in the EU. As the regulatory landscape continues to evolve, it's likely that we'll see more clarity on the rules governing these assets in the coming months.