Aave founder criticizes EU regulatory proposals on DeFi access
CIE News ·
Aave founder Stani Kulechov criticized EU proposals from the ECB and EBA that could introduce suitability tests, leverage caps, and protocol certification for DeFi access, according to Bitcoin.com News.
Aave founder Stani Kulechov publicly criticized European regulatory proposals regarding decentralized finance access under the European Commission's MiCA review on October 2, 2026, according to Bitcoin.com News. Potential measures recommended by the European Banking Authority and the European Central Bank include suitability tests, strict leverage caps, disclosures, stablecoin yield curbs, and protocol certification schemes for regulated firms connecting to DeFi. Kulechov stated that state vetting of protocols would make the system look very different from open DeFi, while the suggestions remain administrative recommendations following a consultation that closed on September 30, 2026.