PANews reported on April 21 that, according to Bloomberg, 39 institutions, including Boerse Stuttgart Group and Nasdaq, have written to the European Commission and the European Parliament, requesting that the distributed ledger technology (DLT) pilot program be separated from the "market integration and regulatory framework" and expedited as an independent legislative review. The letter proposes relaxing the current DLT pilot program, which has been in place since 2023, including removing restrictions on eligible asset classes, allowing all financial instruments to participate in tokenized trading and settlement, raising the overall size cap to €150 billion, and removing license time limits. The signatories warned that if negotiations drag on for an extended period due to a large regulatory package, Europe will further lag behind the United States, which has already passed the Genius Act, a regulatory framework for stablecoins, in the field of tokenized assets.