The European Securities and Markets Authority (ESMA) faces challenges in assessing the impact of cryptocurrencies on financial markets due to resource constraints. ESMA Chair Verena Ross revealed that the organization won’t meet the Oct. 31 deadline for recommending whether a common fund type should hold assets like crypto. Additionally, ESMA confronts obstacles in determining the implementation timeline for the sweeping digital-asset legislation approved by the EU last year. The watchdog's struggles raise concerns about potential delays in crucial regulatory decisions impacting the crypto sector and financial markets within the EU.