The Cardano Foundation published on October 21, 2026 its response to the European consultation on the revision of the MiCA (Markets in Crypto-Assets) crypto law. Filed on September 30, this 19-page text opposes specific rules for DeFi and crypto staking. The Foundation believes that existing financial law should apply according to the functions performed and risks created, not according to the technology used. It therefore rejects standalone frameworks for decentralized finance (DeFi) and staking, a mechanism by which token holders help secure a proof-of-stake crypto network.