Faustine Fleuret

Probablement LE podcast à écouter aujourd'hui, en plein coeurs des débats budgétaires 🇫🇷 🧾

Fiscalité, stablecoins, DeFi, réglementation, lobbying : beaucoup de sujets structurants en vue ces prochains mois.

Merci à @CryptoastMedia pour cet échange autour d’une conviction simple : la compréhension et la vision doivent précéder la régulation.

À écouter ici 👇

🇪🇺 MiCA Review: the @EU_Commission's consultation is now closed. @Morpho is glad to have taken part in these early-stage discussions 📫 Here is what we shared on DeFi ⬇️

It’s official: no CLARITY Act in 2026 ❌ 🇺🇸

Today’s vote means the bill is unlikely to move forward this year. A missed opportunity, but definitely not the end of the US regulatory momentum on crypto.

The SEC and CFTC are moving forward with their own regulatory agendas. We are already seeing concrete work on crypto-asset issuance and tailored exemptions, as well as important discussions around onchain products such as vaults.

But agency action is not a full substitute for Congress. A durable framework defining clear jurisdiction, protecting decentralised infrastructure and giving market participants long-term certainty still would benefit from legislation.

@Morpho will keep engaging with US policymakers and regulators to make sure DeFi is properly understood and represented in whatever comes next.

We are in this for the long run! 🤝🦋

📁 congress.gov/bill/119th-con…

FATF published two reports on virtual assets this month: its 7th Targeted Update on the implementation of the Standards on VAs and VASPs, and a dedicated Targeted Report on Regulatory Challenges from DeFi.

As part of their preparation, @Morpho contributed to the @FATFNews' Virtual Assets Contact Group's work.

⚠️ While aligning on how to identify whether there is control over a DeFi protocol is crucial, the proposed categorisation of "DeFi arrangements", the scope of "controllers", and the "control or sufficient influence" test appear too broad and unsuitable.

🔎 fatf-gafi.org/en/news/target…
🔎 fatf-gafi.org/en/publication…

Clarity... on vaults? 🇺🇸

Today, Commissioner Hester Pierce issued a statement on crypto vaults and lending strategies.

This informed statement is a constructive signal showing her interest and openness to engaging on vaults and DeFi innovation that @Morpho welcomes warmly.

TL;DR💡The statement recognizes that vaults are diverse by design and that they should not all automatically fall within the scope of securities laws. It also acknowledges their significant potential as efficient tools for investment portfolios, while recognizing that existing securities rules may need to evolve to protect investors without hindering vault innovation.

This is a welcome step toward a more proportionate, technology-aware regulatory framework. We look forward to continuing the dialogue engaged with the SEC and playing an active role in supporting both Morpho protocols and the deployment of onchain finance

sec.gov/newsroom/speec…