European Parliament

News Summary:

On August 9, 2026, the European Commission initiated a review of its MiCA crypto rulebook, moving beyond technical cleanup to consider changes that could reshape the EU’s crypto market, even as the initial framework completes its final transition window. Previously, on August 4, the European Parliament launched a new cross-party Motorcycling MEP Club on July 1 to strengthen the industry's influence over future transport legislation, bringing together Members of the European Parliament to ensure motorcycles, scooters, and mopeds are considered in new mobility, environmental, and road safety policies. This followed the publication of revised European Sustainability Reporting Standards (ESRS) on July 3, which streamline reporting for large EU firms while protecting smaller firms from excessive data requests, implementing the Corporate Sustainability Reporting Directive (CSRD) that the EU streamlined in February 2026. Earlier, on July 24, the European Parliament awarded a joint IT services framework valued at up to €115.4 million on behalf of itself and four other EU bodies: the Court of Justice, the Translation Centre, the Committee of the Regions, and the European Economic and Social Committee. On July 21, the EU Parliament launched an AI Hub amidst concerns that about 2,100 of its staff have used public chatbots to draft amendments, speeches, and parliamentary questions without institutional guardrails, leading to issues such as AI-generated text and citations to non-existent laws.