European regulators have completed the latest changes to the bloc’s crypto rulebook, as policymakers continue refining how digital assets will be overseen across the EU. The amendments, part of the broader MiCA framework, are aimed at tightening and clarifying standards for firms operating in the market.

At the same time, the U.S. Securities and Exchange Commission is preparing updated guidance for crypto exchange-traded funds, according to people familiar with the matter. The move could shape how issuers bring new products to market and how regulators assess risk, disclosure and investor protections.

Together, the developments point to a new phase of regulatory scrutiny in two of the world’s biggest financial markets. For crypto firms, the shifting rules may bring both fresh compliance burdens and greater legal clarity as governments try to keep pace with a fast-changing sector.

The latest steps also highlight how digital-asset oversight is increasingly being treated as a mainstream financial policy issue rather than a niche technology debate. Market participants will be watching closely for the final wording and timing of the U.S. guidance.