EU's making some serious moves on the regulatory front. Their financial chief dropped news that they're eyeing 2027 as the target for rolling out capital markets integration reforms. Here's what's changing: ESMA is about to get way more teeth. We're talking expanded oversight powers across the board—clearing houses, trading platforms, and yeah, crypto companies too. Basically, they're centralizing supervision under one umbrella. This could reshape how crypto firms operate in the EU bloc. The timeline's set, now it's about watching how the industry adapts to this beefed-up regulatory environment.