The Cardano Foundation has urged the EU not to create standalone rules for DeFi and staking, arguing that existing financial laws should apply based on the functions and risks of an activity rather than the technology used. In its 19-page submission to the European Commission dated Sept. 30, it distinguishes direct participation in decentralized networks from intermediary services, particularly custody or control of users' assets. It says Cardano users can delegate ADA to help secure the network without surrendering custody or locking tokens. The foundation also warns that overlapping MiCA and existing financial rules could create uncertainty for crypto businesses. In an Oct. 20 letter, it joined five other blockchain organizations urging the SEC to recognize digital commodities as non-securities.
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Related tickers and likely impact
ADA/USDT
• NeutralCardano
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $8.3B |
| Close on 10/20/2026 | 0.22400 |
| Change that session | +2.71% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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