Hyperliquid Policy Committee submits feedback to European Commission on MiCA evolution

European Commission: The European Commission is the executive branch of the European Union responsible for proposing and enforcing legislation, including financial services regulations. It has initiated a targeted consultation on the review of the Markets in Crypto-Assets (MiCA) regulation to evaluate its operation and fitness for purpose amid evolving digital asset markets such as DeFi. The commission received the Hyperliquid Policy Committee's response as part of this process. Hyperliquid Policy Committee: The Hyperliquid Policy Committee is an independent research and advocacy organization dedicated to advancing clear regulatory frameworks for decentralized finance and onchain markets, with a focus on perpetual derivatives and financial infrastructure. It engages directly with lawmakers and regulators while producing technical research to support practical policies. In this development, it made its first regulatory filing outside the United States by submitting feedback to the European Commission on the evolution of the MiCA framework. MiCA Consultation: The European Commission extended the deadline for its targeted consultation on the functioning of EU crypto-assets rules under MiCA until September 30, 2026, to allow additional input from industry and other stakeholders. Industry Responses: Other organizations, including the Futures Industry Association, have submitted feedback to the European Commission's MiCA review, emphasizing issues related to derivatives markets and interactions with existing EU financial legislation.