EU Plots Power Move: Brussels Pushes for a ‘European SEC’ to Oversee Crypto and Markets

The European Commission is advancing a bold reform to centralize financial oversight under the European Securities and Markets Authority (ESMA), targeting crypto exchanges, stock markets, and clearing houses. This initiative aims to eliminate regulatory fragmentation across EU member states, with ESMA poised to gain direct supervision over cross-border platforms.

Brussels argues that national oversight has created inefficiencies and loopholes, particularly in the rapidly evolving crypto sector. The December 'Market Integration Package' will formalize ESMA's expanded mandate, though smaller states resist ceding control to the supranational regulator.

The MOVE signals growing institutional recognition of crypto's systemic importance, potentially bringing clearer compliance frameworks for digital assets like BTC and ETH. Market participants anticipate both streamlined operations and heightened scrutiny for platforms operating in the EU.