ARTICLE · 21 APRIL 2025

ESMA's Recent Statement On Crypto-Assets And Financial Stability

Goodwin Procter LLP

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On April 8, 2025, Natasha Cazenave, executive director of the European Securities and Markets Authority (ESMA), addressed the European Parliament's Economic and Monetary Affairs Committee...

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Andrew Henderson

On April 8, 2025, Natasha Cazenave, executive director of the European Securities and Markets Authority (ESMA), addressed the European Parliament's Economic and Monetary Affairs Committee, offering key insights into the current state of crypto-assets and their potential implications for financial stability in the European Union.

Key Statements:

1. Market Growth and Risks to Investors:

In 2024, the global crypto-asset market saw substantial growth, with a market capitalization surpassing €3.3 trillion, doubling in size from previous years.

Among the crypto-assets, Bitcoin, which dominates the market (more than 50% of the market), witnessed a significant price surge of almost 140%, reaching an all-time high of $100,000 in December 2024.

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