According to The Block, the coordination between the European Union’s financial supervisors will increase “tremendously” in the wake of new digital policies like MiCA, chairperson of the European Banking Authority Jose Manuel Campa said to members of the European Parliament. Campa made the remarks while addressing the European Parliament’s Committee on Economic and Monetary Affairs. The EBA chair referred to legislation before the Parliament, including the Markets in Crypto-Assets framework expected to pass in November. After the anticipated passage of MiCA, Europe’s financial watchdogs will have a key role in finalizing new crypto rules will be implemented across EU member states in the coming months.