Financial giants urge EU to fast-track DLT rules

Thirty-nine major financial and technology firms have jointly petitioned the European Union to expedite the regulatory framework for distributed ledger technology (DLT). They advocate for separating the DLT pilot regime from a larger package of financial laws to enable faster updates and foster the development of real markets. The firms propose increasing DLT transaction limits and removing license expiry dates, arguing that current delays risk leaving the EU behind the United States in digital finance innovation. This push aims to create a more dynamic environment for tokenized assets and blockchain applications.