Europe reconsiders crypto oversight as ESMA centralization gains momentum

"The crypto market is rapidly evolving, and the transition of supervisory authority to ESMA is viewed as a crucial step in responding to calls for regulatory uniformity. Enhanced investor protection could increase public trust, attracting further capital inflow. However, without regard for national characteristics and needs, regional innovation may be hindered. Stricter regulations might reduce short-term volatility, but in the long run, they could foster the development of new business models and services. It's essential to monitor carefully while creating a safe environment for investors."