According to Golden Finance, Jeremy Allaire, co-founder and CEO of Circle, said, "It is difficult for companies in our industry to maintain a stable relationship with banks. MiCA actually introduces a lot of banking risks." He said that the provisions on reserves in MiCA are particularly worrying factors. MiCA requires companies that issue stablecoins pegged to fiat currencies to hold 30% of cash reserves in multiple EU bank accounts, and for important electronic currency tokens, this ratio can be up to 60%. Some experts speculate that the MiCAII regulations will follow and update the current legislation and add more provisions on decentralized finance.