The European Banking Authority (EBA) has called on the European Commission to include crypto lending and borrowing within the scope of the Markets in Crypto-Assets (MiCA) framework. This recommendation covers instances where crypto companies enable clients to access decentralized finance (DeFi) lending platforms. The EBA has proposed a thorough analysis to assess necessary legislative adjustments. Key recommendations from the EBA include implementing compliance checks for client services, establishing leverage limits, and introducing heightened disclosure requirements. Additionally, the EBA is considering the creation of a certification system for DeFi protocols. A study conducted by the EBA along with the European Securities and Markets Authority (ESMA) in 2025 revealed that crypto lending and borrowing services were operational in at least 16 EU nations.