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EU's MiCA Bill to Enter Next Phase of Negotiations on Thursday
The landmark Markets in Crypto Assets legislative framework will now be discussed between the European Parliament, Council and Commission.
Updated May 11, 2023, 3:57 p.m. Published Mar 30, 2022, 6:14 p.m.
The next set of negotiations concerning the European Union's (EU) landmark Markets in Crypto Assets (MiCA) regulations package is set to begin on Thursday.
Following the EU legislative process, MiCA will now be the subject of informal tripartite discussions (called trilogues) involving the bloc's branches of government – the Commission, Parliament and Council.
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Stefan Berger, the parliamentarian in charge of overseeing the framework as it moves through the legislative process, confirmed with CoinDesk that the trilogues will begin on Thursday as planned.
The MiCA framework, which was introduced in 2020, aims to simplify expansion for crypto businesses throughout the EU's 27 member nations, and covers a wide range of rules for crypto issuers and service providers. It also includes special regulatory requirements for stablecoins, which are cryptocurrencies pegged to the value of other assets like the U.S. dollar.
The framework recently made it through the European Parliament after a few tense weeks as lawmakers debated including provisions that could have effectively banned popular cryptocurrencies like bitcoin and ether in the EU over worries the networks supporting these currencies consume too much energy.
Read more: Europe’s Landmark Crypto Regulation Is Advancing, but New Privacy Rules May Be More Important
Following a close vote in the Parliament's Economic and Monetary Affairs Committee earlier this month, the draft shed the divisive measure and is now moving, unchallenged, to the next phase of discussions.
Any agreements reached in the trilogues are informal and need to be formally approved by each of the institutions involved. Although major changes are rarely adopted during this phase, legislators may still need to finalize a number of details such as the agencies that will be tasked with overseeing the crypto space, and whether decentralized finance (DeFi) or non-fungible tokens (NFT) should be included in the scope of the framework.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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SEC Approves U.S.’ Second Crypto Index ETP with Bitwise’s BITW
The Bitwise 10 Crypto Index Fund now trades on NYSE Arca, joining the ranks of gold and oil funds in regulated exchange products.
What to know:
- The Bitwise 10 Crypto Index Fund (BITW) has received SEC approval to trade as an exchange-traded product on NYSE Arca.
- BITW offers diversified exposure to the 10 largest cryptocurrencies, including Bitcoin and Ether, and is rebalanced monthly.
- This approval marks a significant milestone for crypto indices, potentially attracting more institutional investment.
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