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This Week on Crypto Twitter: EU to Vote on Legislation, Pop Star Sia Lays Claim to NFT Persona

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Illustration by Mitchell Preffer for Decrypt

Once again emerging as the week’s top topic was geopolitics, with both the U.S. and European Union moving closer to a comprehensive framework for regulating crypto.

The European Parliament on Monday is scheduled to vote on a legislative package called the Markets in Crypto-Assets Directive (MiCA). Stefan Berger, chairman of the Parliament’s economics committee and chief architect of the directive, confirmed on Monday the vote was upcoming and hinted at a few items that may be included.

Voting on the directive originally was scheduled for February 28, but, as Berger noted, it was delayed over concerns the draft package “might be misinterpreted as a de facto Bitcoin ban.” The ambiguous language has since been clarified, with Berger hinting that crypto will fall under the remit of the EU’s taxonomy for sustainable activities.

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