Too Big to Supervise at Home: EU Limits Direct ESMA Rule to Crypto Giants

Too Big to Supervise at Home: EU Limits Direct ESMA Rule to Crypto Giants

EU member states have rejected plans to put every digital-asset firm under direct ESMA supervision, drawing a line that leaves most of them under their familiar national watchdogs.This is a substantial retreat from the European Commission’s original proposal, presented in December 2025, which implied that ESMA would supervise every authorised crypto provider.The Council instead wants national regulators to remain responsible for most firms, rese…

EU Council Backs ESMA Negotiating Position on Crypto Oversight

The position would give the EU securities regulator direct oversight of the bloc’s most significant cross-border crypto-asset service providers, but final rules still require talks with Parliament.

Council adopts key elements of negotiating position on MISP

On 9 October 2026, the Economic and Financial Affairs (ECOFIN) Council agreed on the key elements of the Market Integration and Supervision (MISP) package. The adoption of the negotiating position follows nine months of negotiations between Member States on possible amendments to the MISP legislative package, which was published by the European Commission (Commission) on […]