What changed
Hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review Hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review
Trading lens
Use this as watchful context from theblock.co. Watch whether hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review confirms momentum, invalidates active bias, or changes timing.