Today in crypto, the European Parliament voted to adopt its policy position on digital assets, US Bitcoin reserve plans have slowed with the US Treasury and Commerce departments reportedly tussling for control and Ripple won a full MiCA license to operate in Europe.
EU lawmakers adopt digital assets policy stance after MiCA transition ends
European Union lawmakers on Tuesday adopted a position paper on digital assets, setting out their view on how the bloc should approach crypto regulation after the rollout of its Markets in Crypto-Assets (MiCA) framework.
The paper calls on the European Commission to assess whether activities including decentralized finance, crypto lending and borrowing, staking and non-fungible tokens should be brought more clearly into the EU’s regulatory perimeter.
It also urges consistent application of MiCA across member states and warns against national rules that could fragment the bloc’s digital asset market.
The vote turns the report, “Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system,” into Parliament’s formal policy position on digital assets, but it does not directly amend MiCA or create new legal obligations for crypto firms.
MiCA’s transitional period ended on July 1, requiring crypto-asset service providers that fall under the framework to obtain bloc-wide or national authorization to continue operating across the European Union.
The EU Parliament overwhelmingly approved its digital asset policy stance. Source: European Parliament
US Bitcoin reserve hits snag as federal agencies seek control: Bloomberg
The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of the holdings.
US President Donald Trump’s March 2025 executive order called for the SBR to be housed inside the Treasury Department, while other agencies would assist with asset seizures to build the reserve.
However, concerns have emerged over whether the Treasury has the legal authority to manage the Bitcoin (BTC) holdings, partly because of its volatility, Bloomberg reported Monday, citing people familiar with the matter.
The Commerce Department has emerged as a contender to oversee the reserve, they said. The Department of Justice is also reportedly working with the departments to determine legally available options, they added.
The Bitcoin reserve is a key part of Trump’s plan to make the US the “crypto capital of the world,” marking a major shift in the government’s approach to digital assets by positioning Bitcoin as a strategic reserve asset rather than a seized commodity.
“To deliver on the President’s vision, the Trump administration continues to evaluate the best structure for a Strategic Bitcoin Reserve and US Digital Asset Stockpile,” White House spokesperson Liz Huston told Cointelegraph.
Ripple wins full MiCA license to expand crypto services across Europe
Ripple has secured a full license under the Markets in Crypto-Assets (MiCA) framework, allowing it to offer regulated crypto services across the European Economic Area.
The authorization, granted by Luxembourg’s financial regulator, completes Ripple’s licensing process in the region. It follows preliminary approval in June and complements the company’s existing Electronic Money Institution license.
Ripple said it is now among a small group of crypto companies with full MiCA authorization and holds more than 75 regulatory licenses worldwide, including approval from the UK’s Financial Conduct Authority.
The approval comes after the EU’s MiCA transition period ended on July 1, requiring crypto companies to obtain authorization or stop offering regulated services. The European Securities and Markets Authority now lists 280 licensed crypto service providers, up from 243 a week earlier.
Not all companies met the deadline. Binance withdrew its MiCA application in Greece before July 1 and plans to seek authorization in another EU member state, while Belgium has already begun identifying unauthorized crypto service providers.
Source: Cassie Craddock
