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During a Thursday hearing on proposed guidelines for stablecoin issuers, European Banking Authority officials urged stakeholders to engage with regulators to "start on the right footing."

The new laws set up "enhanced" due diligence and customer checks for crypto firms.

Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.

The European Banking Authority estimates that 15 technical standards for crypto platforms like stablecoin issuers will become official before the end of 2024.

Among the MEPs retaining their seats is Stefan Berger, who steered the landmark MiCA legislation.

Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.

The rules, which take effect at the end of the year, have yet to spur increased euro-based transactions in crypto markets.

The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.

Prediction market company Kalshi pushed back against the Commodity Futures Trading Commission's move to block its new election contracts, saying they would harm the company.

Attendees are cautious optimistic about apparent regulatory and legislative changes, though not everyone is convinced.