Crypto Market Reaches $2.86T as Regulatory Uncertainty Looms
The global crypto market capitalization reached $2.86 trillion on September 30, representing a 0.34% increase from the previous day.
Despite this growth, regulatory trends in key regions are causing uncertainty among investors. In the UK, the Financial Conduct Authority (FCA) opened a gateway for crypto authorization on September 30, with a deadline of February 2027 for companies to comply.
The European Securities and Markets Authority (ESMA) has urged a review of the Markets in Crypto-Assets (MiCA) regulation, which could grant asset-freeze and site-takedown powers to regulators. This move has resulted in tighter enforcement expectations, causing Ethereum's price to hold steady at $2,688.
Meanwhile, the Internal Revenue Service (IRS) issued Notice 2026-62, targeting crypto ETFs for in-kind redemptions following a significant inflow of $7.22 billion. Fund sponsors are reassessing their tax structures as scrutiny intensifies.