TechFlow News, April 21: According to Bloomberg, 39 signatories—including Nasdaq, the Boerse Stuttgart Group, and multiple national fintech associations—have jointly called on the European Commission and the European Parliament to expedite the review of the Distributed Ledger Technology (DLT) Pilot Regime as standalone legislation and to decouple it from the EU’s Market Integration and Supervision Program.
The signatories warned that if overall negotiations drag on too long, Europe risks falling behind the United States in DLT adoption. They urged the removal of asset-class restrictions, an increase in the aggregate transaction volume cap to €150 billion, and the elimination of licensing time limits. The letter also noted that the U.S. has already established a stablecoin regulatory framework through the “Genius Act” and is rapidly asserting leadership in the tokenized assets space. The European Commission is currently pushing for swift resolution of the entire regulatory package, viewing it as a critical component of its Capital Markets Union initiative. Financial Services Commissioner Maria Luis Albuquerque has previously emphasized repeatedly that all legislative proposals should be adopted concurrently.
