The European Commission is weighing the possibility of relaxing rules on non-EU stablecoins to ensure the EU doesn’t become a “flyover zone” amid rapid progress in the U.S. and Asia.

Quotes that support claims

The Financial Times cited several unnamed officials familiar with the matter, who indicated that the Commission’s guidance aims to avoid a scenario in which the EU becomes a “flyover zone” for digital assets, left behind by faster-moving markets in the U.S. and Asia.

Assuming that loosening MiCA actually is dangerous, getting abandoned by this massive industry seems even riskier.