⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
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.