According to Cointelegraph, the European Commission's recent proposal to enhance the authority of the European Securities and Markets Authority (ESMA) is sparking debate over potential centralization within the European Union's licensing framework. The proposal, unveiled on Thursday, aims to grant ESMA direct supervisory control over key market infrastructures, including crypto-asset service providers (CASPs), trading venues, and central counterparties. The proposed expansion of ESMA's jurisdiction to include both supervision and licensing of European crypto and fintech firms has raised concerns about possible delays in the licensing process and the impact on startup growth. Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho, expressed apprehension about ESMA's dual role in authorization and supervision, suggesting it could hinder the development of innovative firms. The proposal is currently under negotiation and requires approval from the European Parliament and the Council. If implemented, ESMA's oversight of EU capital markets would align more closely with the centralized model of the U.S. Securities and Exchange Commission, an idea initially suggested by European Central Bank President Christine Lagarde in 2023. The centralization of regulatory oversight aims to address disparities in national supervisory practices and licensing regimes across the EU. However, Elisenda Fabrega, general counsel at Brickken asset tokenization platform, warned that without sufficient resources, the mandate could become unmanageable, leading to delays or overly cautious assessments that might disproportionately affect smaller or innovative firms. The broader legislative package seeks to enhance wealth creation for EU citizens by making the bloc's capital markets more competitive with those of the United States. Currently, the U.S. stock market holds a value of approximately $62 trillion, accounting for 48% of the global equity market, while the EU's stock market is valued at around $11 trillion, representing 9% of the global share. The effectiveness of the proposed reform will largely depend on ESMA's operational capacity, independence, and its ability to cooperate with member states.

Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region. source: https://cointelegraph.com/news/european-sec-proposal-licensing-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Clear Street is preparing to list its shares in a deal that people close to the plan allegedly say could value the New York broker between $10 billion and $12 billion. According to the Financial Times, the company wants to move as early as next month, though the timing may change because Goldman Sachs is […] source: https://www.cryptopolitan.com/clear-street-eyes-ipo-at-up-to-12b-valuation/

Analysts point toward three best altcoins to invest in with explosive potential: Avalanche (AVAX), Pepe (PEPE), and Tapzi (TAPZI). source: https://coindoo.com/best-altcoins-to-invest-in-during-crypto-crash-tapzi-to-lead-the-next-bull-run/

The first week of December closed with a noticeable revival in crypto venture capital activity, as major institutional investors re-engaged across several standout fundraising rounds. The shift follows months of quieter allocations, but this week’s data signals that capital is again flowing with confidence into key infrastructure projects, enterprise fintech, and new onchain financial primitives. source: https://www.ethnews.com/crypto-venture-funding-rebounds-as-institutional-backing-surges-again/

The rivalry between Base and Solana has taken on a new dimension with the introduction of the Base-Solana bridge. The latest episode goes back to September 2025, when Aerodrome’s co-founder Alex Cutler boasted at Basecamp that Base would “flip Solana,” attracting the attention of Solana’s famous defender, Mert Mumtaz, the CEO of Helius Labs. The […] source: https://www.cryptopolitan.com/solana-dismiss-base-bridge/

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