The European Union aims to implement significant reforms in pension investments and cryptocurrency trading by the end of the year, according to EU Financial Services Commissioner Albuquerque. Announced on Thursday, the plan seeks to invigorate Europe's capital markets by enhancing investment opportunities and streamlining trading processes. The European Commission is also considering granting the European Securities and Markets Authority (ESMA) direct supervisory authority. This move would centralize oversight of key market infrastructures, including central counterparties and trading venues, while maintaining the role of national regulators. Emerging sectors like cryptoasset service providers are expected to benefit from this centralized supervision.