Today the European Parliament’s Economics and Monetary Affairs Committee voted in favor of the Regulation on Markets in Crypto Assets (MiCA). While the vote on the full draft passed with 31 MEP in favor and 23 against, there were other votes earlier today.
The Greens and S&D political parties proposed an amendment to effectively ban energy hungry Proof of Work (PoW) cryptocurrencies such as Bitcoin. They lost the vote on that amendment a few hours earlier.
However, Europe’s legislative process is quite cumbersome, and there is still one more hurdle to pass. The next step is the trilogues, an agreement between Parliament, the European Council representing the member states, and the European Commission.
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