EU Seeks to Transfer Crypto Oversight to Bloc's Securities and Markets Authority

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email EU Seeks to Transfer Crypto Oversight to Bloc's Securities and Markets Authority The European Commission wants to get rid of fragmentation from differing supervisory approaches in member states. By Jamie Crawley | Edited by Sheldon Reback Dec 5, 2025, 11:25 a.m. The executive arm of the EU plans to transfer supervision of cryptocurrency companies to the bloc's markets regulator. (Christian Lue / Unsplash / Modified by CoinDesk) What to know : The executive arm of the European Union plans to transfer supervision of cryptocurrency companies to the bloc's markets regulator as part of a set of measures to "fully integrate" financial markets. Bringing crypto regulation under the purview of the European Securities and Markets Authority (ESMA) will "make supervision more effective and conducive to cross-border activities," the European Commission said. Regulators in some individual countries have raised concerns about MiCA implementation and asked ESMA to take tighter control. The European Commission, the executive arm of the European Union (EU), proposed ending individual countries' supervision of cryptocurrency companies and transferring the responsibility to the bloc's markets regulator as part of measures to "fully integrate" EU financial markets. The commission wants to address the discrepancies that result from differing supervisory approaches among the 27 member states and transfer oversight to European Securities and Markets Authority (ESMA), it said in a Thursday statement STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The proposals need to be negotiated with and approved by the European Parliament and European Council. The move follows reports of concerns that despite the aim of achieving a unified crypto regulatory environment under the the Markets in Crypto-Asset (MiCA) regulation, individual countries were diverging too much for ESMA's liking. Uniting oversight of crypto and other financial services under one body will be more effective, it said. "EU financial markets remain significantly fragmented, small and lack competitiveness, missing out on potential economies of scale and efficiency gains," the commission said. Regulators in individual countries, such as France's AMF, Austria's FMA and Italy's Consob, raised concerns and asked ESMA to take tighter control of MiCA in September. ESMA is the EU's closest equivalent to the Securities and Exchange Commission (SEC) in the U.S. However, ESMA's role is more one of coordination rather than the direct supervision wielded by the SEC. The move to integrate financial markets and transfer "direct supervisory competences" might be seen as a step toward making the regulator closer to an EU SEC equivalent. EU European Commission ESMA MiCA More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Crypto Investor Donates $12M to UK's Reform Party By Jamie Crawley | Edited by Stephen Alpher 17 hours ago Christopher Harborne has invested in stablecoin issuer Tether and crypto exchange Bitfinex, according to reports. What to know : Cryptocurrency investor Christopher Harborne has made a donation of 9 million pounds ($12 million) to the U.K.'s Reform party. It's being described by various outlets as the largest-ever single donation to a U.K. political party by a living donor. Nigel Farage, whose party has led the polls for much of this year, has attempted to court the crypto vote by accepting donations in cryptocurrency and vowing to establish a bitcoin (BTC) reserve if elected. 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