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http://dx.doi.org/10.59704/940f3e77bfed9ed1 https://verfassungsblog.de/binding-without-debating/ Binding Without Debating - How the EU Joined America’s Chip Architecture Through the Back Door Perugini, Marco eng 2026-07-30 electronic resource text/html ddc:342 Article 218 TFEU Committee of Permanent Representatives EU GENIUS Act Markets in Crypto-Assets Regulation MiCA Pax Silica Tether semiconductor supply-chain initiative stablecoin law EU Verfassungsblog Verfassungsblog--2366-7044 CC BY-SA 4.0 In early June 2026, the COREPER authorized the European Commission to formalize the EU’s participation in Pax Silica, the US-led semiconductor supply-chain initiative. By June 26, the European Union was a formal signatory. The process was orderly. It was also, by any meaningful democratic standard, invisible. No European Parliament debate preceded the authorization. No impact assessment was published. No connection was drawn to a parallel development: the entry into force of the GENIUS Act, the US stablecoin law. The EU bound itself to one American architecture while remaining structurally exposed to another.