$ETH The European Commission, the EU’s executive arm, has put forward a plan to shift the regulatory oversight of cryptocurrency companies to the European Securities and Markets Authority (ESMA). This move is part of a larger strategy aimed at full integration of financial markets across the EU, bringing crypto under a more centralized and standardized regulatory framework.

By giving ESMA this authority, the EU is signaling a push toward tighter supervision, ensuring that crypto firms follow consistent rules across member states, reduce risks, and align more closely with traditional financial regulations. It could also streamline cross-border operations for crypto businesses within the EU, but may increase compliance requirements significantly.

This step is a clear signal that the EU is serious about treating crypto as a regulated financial asset, rather than leaving it in a fragmented, loosely regulated space.#BinanceBlockchainWeek #WriteToEarnUpgrade #USBitcoinReserveDiscussion #USGDPDataOnChain #BinanceBlockchainWeek $SOL

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