Share this article
EU Parliament Monetary Committee to Vote on MiCA Next Week
Wording that would have banned proof-of-work cryptos like bitcoin has been removed.
Updated May 11, 2023, 6:27 p.m. Published Mar 7, 2022, 4:35 p.m.
Make us preferred on Google
After having previously been postponed thanks to an outcry over language amounting to a "de facto" ban on Bitcoin, a vote by the Monetary Committee of the European Union's parliament on the EU's Markets in Crypto Assets (MiCA) legislation will take place on March 14.
- The news was tweeted out minutes ago by Dr. Stefan Berger, the member of parliament in charge of shepherding MiCA through parliament.
- "An independent topic of proof-of-work is no longer provided in the MiCA," Berger told CoinDesk, confirming his promise to remove language he had previously called a "de facto" ban on Bitcoin.
- "My suggestion is to include crypto assets, like all other financial products, in the taxonomy area," Berger today added. "In view of the controversial discussions surrounding the energy consumption of crypto assets, the taxonomy could provide clarity and ensure a better information basis for consumers."
- "Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector," he concluded.
Read more: The Case for Taxing Proof-of-Work
STORY CONTINUES BELOW
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
DeFi, ethics disputes remain in Senate crypto bill ahead of Jan. 15 vote
The Senate is approaching a potential markup that may advance crypto legislation to a vote, and industry insiders are amassing for a lobbying push this week.
What to know:
- The U.S. Senate is potentially as close as it's ever been to a crypto market structure law, as the Senate Banking Committee's chairman said the panel will be ready to mark up the latest draft next week.
- It's still unclear how much Democrats might push back against this timeline, considering most of the big-ticket disputes remain to be resolved between the parties.
- A negotiation document that emerged after a meeting among senators on Tuesday demonstrates that many of the Democrats' requests have potentially been satisfied, but key concerns over the ethics of senior government officials, the treatment of DeFi and the question of stablecoins offering yield still await answers.
- Crypto insiders will visit Senate offices this week to cheer on the negotiations.
