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EU Considers Centralizing Crypto Oversight for Better Regulation

10/10/2025

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Summary

Story summary

The European Union is considering transferring oversight of digital asset firms to the European Securities and Markets Authority (ESMA) to improve regulatory consistency and investor protection.
ESMA Chair Verena Ross noted that national regulators' supervision causes fragmentation and inefficiencies.
France's Bank Governor François Villeroy de Galhau supports this shift to unify enforcement across EU nations.
The proposed changes aim to strengthen the Markets in Crypto-Assets (MiCA) framework, which regulates crypto firms and stablecoins.
The timeline for implementing these changes is unclear, leaving national regulators in charge for the time being.

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Story summary

The European Union is considering transferring oversight of digital asset firms to the European Securities and Markets Authority (ESMA) to improve regulatory consistency and investor protection.
ESMA Chair Verena Ross noted that national regulators' supervision causes fragmentation and inefficiencies.
France's Bank Governor François Villeroy de Galhau supports this shift to unify enforcement across EU nations.
The proposed changes aim to strengthen the Markets in Crypto-Assets (MiCA) framework, which regulates crypto firms and stablecoins.
The timeline for implementing these changes is unclear, leaving national regulators in charge for the time being.