Legal Project Manager at the European Company Lawyers Association (ECLA)
For legal counsel, the practical effect is scope stability for wave one entities through the 2025 cycle: fewer surprises in mandatory datapoints, clearer materiality signposting, and limited tactical relief in disclosures where data maturity is weakest.
These findings are preliminary and do not prejudge the final outcome of the investigations.
The arrival of the EU’s Markets in Crypto-Assets Regulation (MiCAR) and the U.S. “GENIUS Act” transforms stablecoins from a niche, unregulated asset into a formally recognised pillar of a new financial infrastructure.
Not a “new profession” and not a personal professional secret, but rather a statutory confidentiality attaching to certain written in-house legal consultations under tightly defined conditions.