News analysis
Cardano Foundation asks EU to keep MiCA out of DeFi and staking
· By MyCryptoSignal Editorial · 312 words
Cointelegraph reports that the Cardano Foundation has urged European Union policymakers not to widen MiCA's scope to cover DeFi and staking. The foundation argues that rules ought to follow financial risk rather than the technology used, and warns that overlapping requirements could leave crypto businesses across the bloc facing uncertainty.
The foundation's position, as reported by Cointelegraph, is that regulation ought to be built around the financial risks an activity creates rather than the technology that delivers it. It points to overlapping rules as a source of uncertainty for crypto businesses operating across the EU. The item was published on 21 October 2026.
Cointelegraph's summary does not set out which staking or DeFi activities the foundation believes fall outside MiCA's scope, and it reports no response from EU authorities. The stated concern is the risk of layered requirements rather than any specific compliance cost figure.
Our own numbers, collected as of 21:16 UTC, show Cardano's ADA at $0.228381, up 2.17% over 24 hours. The token moved between $0.221934 and $0.230254 in that window, with a 14-period RSI of 65.2 and an upward trend reading. Support sits at $0.227 and resistance at $0.230371, just above the 24-hour high. Over seven days ADA is down 0.09%, and over 30 days it is down 6.70%.
The wider frame: total crypto market capitalisation stands at $2.669 trillion, up 1.96% in 24 hours, with Bitcoin dominance at 63.7%. Bitcoin trades at $84,653, up 2.27% over the same period.
ADA's 24-hour gain sits inside a market that added 1.96% in the same window, while its 30-day change remains negative at 6.70%. The foundation's call is directed at EU rulemaking on DeFi and staking, according to Cointelegraph. What the numbers and the source's facts set up is a question about the scope of existing rules, not a price signal.
Read the full story at Cointelegraph: https://cointelegraph.com/news/cardano-foundation-urges-eu-against-expanding-mica-rules-to-defi-and-staking
Data, not advice.
Source: Cointelegraph — see our editorial policy.