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…

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