According to The Block, EU Commissioner Peter Kerstens called on the cryptocurrency industry to come up with solutions to DeFi regulation in the next few years. Expected to be adopted early next year, the EU Markets in Cryptoassets (MiCA) framework focuses on regulating cryptocurrencies as well as centralized entities such as exchanges and other service providers. The legislative text calls for the European Commission to come up with guidelines on how to regulate DeFi 18 months after MiCA was launched. DeFi was mostly excluded from the MiCA drafting process. the