🚨 EU at Odds! Crypto Oversight Sparks Internal Clash 🇪🇺⚖️
As the crypto market continues to expand, EU regulators are… arguing among themselves. Verena Ross, chair of the European Securities and Markets Authority (ESMA), revealed that EU member states have failed to agree on expanding ESMA’s authority—especially over cross-border crypto firms.
Some want to give ESMA full oversight to ensure consistent regulation. But others worry it would undermine their national sovereignty. 🤯
And this isn’t just political drama.
Why does it matter?
* 🛡️ Without a unified regulator, legal loopholes could be exploited by bad actors
* 📉 Uncertainty shakes investor confidence and confuses businesses
* 🌍 The EU could miss its chance to lead in global crypto regulation
Key takeaway:
Instead of uniting under the MiCA framework, the EU looks divided at the worst possible time. If no middle ground is found soon, the future of crypto oversight in Europe might remain stuck in limbo.
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