The European Union's Markets in Crypto-Assets Regulation (MiCA) is poised for a review as digital asset markets continue to evolve beyond the initial conditions the law was designed to address. According to Cointelegraph, Peter Kerstens, an adviser on technological innovation, digital transformation, and cybersecurity at the European Commission's financial services department, announced the forthcoming review during the Paris Blockchain Week (PBW) 2026. The Commission plans to launch a public consultation to evaluate whether the current rules are effective for market participants and conducive to business development.
Kerstens' remarks indicate that EU policymakers are already considering how MiCA might need to adapt as the crypto market matures. While he refrained from making predictions about the future, he noted that EU financial legislation typically evolves in stages, suggesting that a "MiCA 2" could emerge over time. MiCA includes a built-in review clause, requiring the Commission to report on its application by June 30, 2027, and potentially accompany that review with legislative proposals if necessary, as stated in the Official Journal of the European Union.
The review is not a response to a flawed framework but rather an effort to ensure that regulations keep pace with the changing market structure. MiCA was initially crafted when crypto markets were dominated by a few large assets and numerous smaller tokens. As the ecosystem has matured, policymakers must reassess whether the framework remains suitable for current conditions. Kerstens emphasized the importance of industry feedback, stating that the Commission would begin with a public consultation with "no taboos," inviting market participants to suggest where rules should be expanded, adjusted, or left unchanged.
Kerstens warned that if regulation does not evolve alongside innovation, markets may develop around existing rules, leading to legal uncertainty. His comments come as aspects of MiCA and related frameworks are being tested in practice. On March 24, stablecoin issuer Circle urged the European Commission to adjust parts of its proposed Market Integration Package, including lowering thresholds that limit the use of euro-denominated stablecoins in settlement and expanding access for crypto-asset service providers. Meanwhile, policymakers are debating how MiCA should be implemented. On April 3, officials considered whether to shift supervision of major crypto firms to the European Securities and Markets Authority (ESMA) amid concerns over inconsistent enforcement.