EU eyes expanding ESMA’s powers in crypto and stock exchange oversight

The European Union is taking significant steps to enhance oversight of crypto exchanges and stock trading platforms by considering a single regulatory body, similar to the approach used in the United States. This move, reported by the Financial Times, aims to strengthen investor protection and ensure market stability across the EU. By expanding the powers of the European Securities and Markets Authority (ESMA), the EU is positioning itself to better manage the rapidly evolving financial landscape, which is crucial for fostering trust and innovation in the digital economy.