The European Commission is considering expanding the powers of the European Securities and Markets Authority to oversee cryptocurrency and traditional capital markets. The plan could give ESMA direct supervision over exchanges and crypto service providers, creating a system similar to the US SEC. A draft is expected in December.Digital assets meet tradfi in London at the fmls25The expanded role of ESMA builds on guidelines issued in April 2025 for national regulators on detecting and preventing market abuse under MiCA. The rules emphasized risk-based supervision and cross-border coordination, providing a framework for more consistent oversight across EU member states.MiCA Passport System Faces Potential RisksCurrently, under the Markets in Crypto-Assets Regulation, companies licensed in one EU country can operate across all 27 member states through a “passport” system. Some experts warn that shifting decision-making entirely to ESMA could slow innovation in crypto and fintech. Faustine Fleuret of decentralized lending protocol Morpho said centralizing oversight “would demand vast human and financial resources” and suggested giving ESMA stronger oversight over national regulators instead.🇪🇺 NEW: The European Commission is drafting a proposal to give ESMA SEC-like oversight over crypto and stock exchanges, with draft expected in December.Could this make the EU more crypto-friendly or stifle innovation? pic.twitter.com/JiYNBz3pXv— Cointelegraph (@Cointelegraph) November 2, 2025France Challenges EU Crypto Passport RulesConcerns over enforcement gaps have surfaced. In September, France’s regulator signaled it might block the passporting of crypto licenses, raising doubts about uniform application across the EU. Fleuret said the passport system is “the cornerstone of EU financial regulations” and key to maintaining Europe’s competitive advantage for crypto firms.Lagarde Backs Single EU Supervisory BodyOther analysts view a larger role for ESMA as a potential step toward regulatory consistency. Dea Markova from digital asset custody platform Fireblocks said centralized supervision could help address licensing, cybersecurity, and operational risks, but its effectiveness depends on proper implementation and resourcing.European Central Bank President Christine Lagarde has also expressed support for a single EU supervisory body, echoing proposals similar to the SEC model. This article was written by Tareq Sikder at www.financemagnates.com.The European Commission is considering expanding the powers of the European Securities and Markets Authority to oversee cryptocurrency and traditional capital markets. The plan could give ESMA direct supervision over exchanges and crypto service providers, creating a system similar to the US SEC. A draft is expected in December.Digital assets meet tradfi in London at the fmls25The expanded role of ESMA builds on guidelines issued in April 2025 for national regulators on detecting and preventing market abuse under MiCA. The rules emphasized risk-based supervision and cross-border coordination, providing a framework for more consistent oversight across EU member states.MiCA Passport System Faces Potential RisksCurrently, under the Markets in Crypto-Assets Regulation, companies licensed in one EU country can operate across all 27 member states through a “passport” system. Some experts warn that shifting decision-making entirely to ESMA could slow innovation in crypto and fintech. Faustine Fleuret of decentralized lending protocol Morpho said centralizing oversight “would demand vast human and financial resources” and suggested giving ESMA stronger oversight over national regulators instead.🇪🇺 NEW: The European Commission is drafting a proposal to give ESMA SEC-like oversight over crypto and stock exchanges, with draft expected in December.Could this make the EU more crypto-friendly or stifle innovation? pic.twitter.com/JiYNBz3pXv— Cointelegraph (@Cointelegraph) November 2, 2025France Challenges EU Crypto Passport RulesConcerns over enforcement gaps have surfaced. In September, France’s regulator signaled it might block the passporting of crypto licenses, raising doubts about uniform application across the EU. Fleuret said the passport system is “the cornerstone of EU financial regulations” and key to maintaining Europe’s competitive advantage for crypto firms.Lagarde Backs Single EU Supervisory BodyOther analysts view a larger role for ESMA as a potential step toward regulatory consistency. Dea Markova from digital asset custody platform Fireblocks said centralized supervision could help address licensing, cybersecurity, and operational risks, but its effectiveness depends on proper implementation and resourcing.European Central Bank President Christine Lagarde has also expressed support for a single EU supervisory body, echoing proposals similar to the SEC model. This article was written by Tareq Sikder at www.financemagnates.com.

Debate Grows as EU Considers Giving ESMA Direct Oversight of Crypto and Stock Markets

2025/11/04 22:53

The European Commission is considering expanding the powers of the European Securities and Markets Authority to oversee cryptocurrency and traditional capital markets. The plan could give ESMA direct supervision over exchanges and crypto service providers, creating a system similar to the US SEC. A draft is expected in December.

Digital assets meet tradfi in London at the fmls25

The expanded role of ESMA builds on guidelines issued in April 2025 for national regulators on detecting and preventing market abuse under MiCA. The rules emphasized risk-based supervision and cross-border coordination, providing a framework for more consistent oversight across EU member states.

MiCA Passport System Faces Potential Risks

Currently, under the Markets in Crypto-Assets Regulation, companies licensed in one EU country can operate across all 27 member states through a “passport” system. Some experts warn that shifting decision-making entirely to ESMA could slow innovation in crypto and fintech.

  • Zerohash Gains MiCA License as Mastercard Considers Acquisition
  • Hong Kong Pushes Tokenisation as Regulators Ease Rules on Crypto Assets
  • XRP Surpasses $2.50; Analysts Forecast Near-Term Altcoin Recovery

Faustine Fleuret of decentralized lending protocol Morpho said centralizing oversight “would demand vast human and financial resources” and suggested giving ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term stronger oversight over national regulators instead.

France Challenges EU Crypto Passport Rules

Concerns over enforcement gaps have surfaced. In September, France’s regulator signaled it might block the passporting of crypto licenses, raising doubts about uniform application across the EU.

Fleuret said the passport system is “the cornerstone of EU financial regulations” and key to maintaining Europe’s competitive advantage for crypto firms.

Lagarde Backs Single EU Supervisory Body

Other analysts view a larger role for ESMA as a potential step toward regulatory consistency. Dea Markova from digital asset custody platform Fireblocks said centralized supervision could help address licensing, cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term, and operational risks, but its effectiveness depends on proper implementation and resourcing.

European Central Bank President Christine Lagarde has also expressed support for a single EU supervisory body, echoing proposals similar to the SEC model.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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Franklin Templeton updates XRP ETF filing for imminent launch

Franklin Templeton updates XRP ETF filing for imminent launch

Franklin Templeton, one of the world’s largest asset management firms, has taken a significant step in introducing the Spot XRP Exchange-Traded Fund (ETF). The company submitted an updated S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) last week, removing language that likely stood in the way of approval. The change is indicative of a strong commitment to completing the fund sale in short order — as soon as this month. The amendment is primarily designed to eliminate the “8(a)” delay clause, a technological artifact of ETF filings under which the SEC can prevent the effectiveness of a registration statement from taking effect automatically until it affirmatively approves it. By deleting this provision, Franklin Templeton secures the right to render effective the filing of the Registration Statement automatically upon fulfillment of all other conditions. This development positions Franklin Templeton as one of the most ambitious asset managers to file for a crypto ETF amid the current market flow. It replicates an approach that Bitcoin and Ethereum ETF issuers previously adopted, expediting approvals and listings when the 8(a) clause was removed. The timing of this change is crucial. Analysts say it betrays a confidence that the SEC will not register additional complaints against XRP-related products — especially as the market continues to mature and regulatory infrastructures around crypto ETFs take clearer shape. For Franklin Templeton, which manages assets worth more than $1 trillion globally, an XRP ETF would be a significant addition to its cryptocurrency investment offerings. The firm already offers exposure to Bitcoin and Ethereum through similar products, indicating an increasing confidence in digital assets as an emerging investment asset class. Other asset managers race to launch XRP ETFs Franklin Templeton isn’t the only one seeking to launch an XRP ETF. Other asset managers, such as Canary Funds and Bitwise, have also revised their S-1 filings in recent weeks. Canary Funds has withdrawn its operating company’s delaying amendment and is seeking to go live in mid-November, subject to exchange approval. Bitwise, another major player in digital asset management, announced that it would list an XRP ETF on a prominent U.S. exchange. The company has already made public fees and custodial arrangements — the last steps generally completed when an ETF is on the verge of a launch. The surge in amended filings indicates growing industry optimism that the SEC may approve several XRP ETFs for marketing around the same time. For investors, this would provide new, regulated access to one of the world’s most widely traded cryptocurrencies, without the need to hold a token directly. Investors prepare for ripple effect on markets The competition to offer an XRP ETF demonstrates the next step toward institutional involvement in digital assets. If approved, these funds would provide investors with a straightforward, regulated way to gain token access to XRP price movements through traditional brokerages. An XRP ETF could also onboard new retail investors and boost the liquidity and trust of the asset, similarly to what spot Bitcoin ETFs achieved earlier this year. Those funds attracted billions of dollars in inflows within a matter of weeks, a subtle indication of the pent-up demand among institutional and retail investors. The SEC, which has become more receptive to digital-asset ETFs after approving products including Bitcoin and Ethereum, is still carefully weighing every filing. Final approval will be based on full disclosure, custody, and transparency of how pricing is happening through the base market. Still, market participants view the update in Franklin Templeton’s filing as their strongest sign yet that they are poised. With a swift response from the firm and news of other competing funds, this should mean that we don’t have long to wait for the first XRP ETF — marking another key turning point in crypto’s journey into traditional finance. If you're reading this, you’re already ahead. Stay there with our newsletter.
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Coinstats2025/11/05 09:16