While tomorrow's committee vote on a proposed rule that could effectively ban bitcoin in the EU is still too close to call, people familiar with the matter told CoinDesk that they see it being defeated by a slim margin. iamsandali
. Although the vote is still a close call, a small majority of committee members may vote against the measure, according to people familiar with the matter.that the provision in question requires all crypto assets to be subject to the EU’s “minimum environmental sustainability standards with respect to their consensus mechanism used for validating transactions, before being issued, offered or admitted to trading in the Union.
Although there are plans to move ethereum to a proof-of-stake consensus mechanism, it’s unclear whether the same option is available for bitcoin.“Extremely high stakes vote in the EU.
Stefan Berger, the EU parliamentarian charged with overseeing the content and progress of the MiCA framework, has been trying to reach a compromise over restricting proof-of-work.
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