30 July 2026
Binding Without Debating
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. Continue reading >>
0 