Industry Warns Centralization Could ‘Slow Innovation’ ⚠️

[chainsniff]

Crypto and fintech advocates warn that giving ESMA direct control could hurt Europe’s innovation edge.
“Centralizing authorization entirely within ESMA would slow decision-making and innovation,” said Faustine Fleuret of Morpho.
She called for ESMA to oversee national regulators rather than replace them — allowing balance between efficiency and flexibility.