PANews reported on June 1st that Katie Harries, Head of European Policy at Coinbase, stated that the EU should leverage the MiCA review opportunity to translate early regulatory leadership into a lasting competitive advantage. She made several recommendations: adjusting stablecoin reserve requirements to allow a larger proportion of high-quality sovereign assets to reduce systemic risk; allowing non-interest incentives such as cashback and points; improving multi-issue models to ensure access to global stablecoin liquidity; clarifying how crypto asset service providers can offer DeFi access; avoiding restrictions on order routing to EU-only venues that lead to liquidity fragmentation; maintaining global competitiveness in tokenization; and exploring DeFi to support capital market development. Coinbase expressed its anticipation of engaging with the European Commission on these priorities.