Marina Markezic, co-founder of the European Crypto Initiative (EUCI), recently stated that the MiCA regulation could bring a wave of institutionalization and consolidation to the EU crypto market. Mergers and acquisitions between traditional financial institutions and crypto companies are expected to increase, which may be a significant trend in the crypto market. 💼

However, MiCA does not directly regulate DeFi, but its interfaces or service access points may be subject to additional regulation by various member states. This uncertainty may create some friction in the market. ⚖️

Overall, the implementation of MiCA could drive the maturation of the market, but it may also lead to some companies or products exiting the market. 📉