Wire · operational-macro
Hyperliquid MiCA Feedback: What It Told the EU on DeFi Rules
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 2 October 2026 · Fusion42 review
The Hyperliquid Policy Committee submitted feedback to the European Commission, addressing how the Markets in Crypto-Assets Regulation (MiCA) should evolve to effectively regulate decentralized finance (DeFi) protocols, especially those operating without centralized intermediaries. The feedback highlights challenges in applying MiCA's intermediary-based authorization framework to decentralized, blockchain-based trading and settlement systems, as the EU considers the next phase of crypto regulation.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Your DeFi platform must prepare for new rules that focus on control points, not labels. European regulation is evolving from fitting decentralized software into old frameworks to targeting actual operational influence within onchain markets.
◆ Coverage
1 source · 2 Oct 2026
◆ Related on Wire
◆ Topics