Circle Internet Group (NYSE:CRCL) is urging European policymakers to accelerate updates to the EU’s digital asset framework, but CRCL plunged over 6% on Tuesday morning.
The EU Reform Push
Circle submitted feedback March 20 on the European Commission’s proposed Market Integration Package, calling the plan a meaningful step toward modernizing capital markets but noting gaps around scalability, supervision, and settlement.
Circle largely backed proposed changes to the EU’s Distributed Ledger Technology Pilot Regime, including expanding eligible assets and raising volume thresholds.
However, the company argued current limits continue to constrain liquidity and institutional participation.
The firm proposed introducing adaptive thresholds tied to market conditions rather than relying on periodic legislative updates.
Circle also urged regulators to fast-track changes outside the broader …