Circle and Hyperliquid Push EU to Rewrite Crypto Rules in MiCA Review

Circle and Hyperliquid are pushing the EU to rewrite crypto rules in the MiCA review. Circle asked to loosen stablecoin reserve rules, including the 30% to 60% bank deposit requirement. Hyperliquid wants perpetual futures regulated under MiFID II instead of MiCA. Circle said only three of the top 30 global stablecoins meet MiCA standards.