Circle submitted its response to the European Commission’s Market Integration Package - a key step toward a more integrated, digital & onchain EU capital market 🇪🇺 Our key recommendations 👇 • Reform the DLT Pilot Regime with significantly higher & more flexible thresholds and a clear path from pilot to permanent framework • Enable all MiCA-compliant stablecoins (EMTs) for cash-leg settlement under the CSDR + allow authorised CASPs to provide EMT cash accounts • Calibrate EU-level CASP supervision to focus on systemic actors only • Provide legal certainty for stablecoins as collateral Done right, this package can bridge traditional finance and the onchain economy. I personally think that rebuilding some of the existing capital market infrastructure onchain is one of the biggest EU opportunities to deepen a Capital Market Union that is currently fragmented. Big thank you and kudos to Christina Wu for driving our response! More details in our blog post - link in comments.(Patrick Hansen)