Crypto Policy Milestones: A 2025 Retrospective
Crypto Policy Milestones: A 2025 Retrospective

Overview of 2025
The year 2025 marked significant progress in cryptocurrency legislation in the United States, as Congress and the president approved the first major crypto law. Federal regulators reduced enforcement actions while focusing on creating new rules to support the sector. Crypto firms in the U.S. responded by introducing innovative products and services.
Key Developments
In December 2024, we anticipated a shift in regulatory approaches. By the end of 2025, the SEC had dropped most of its cases against key crypto firms. Meanwhile, the GENIUS Act, focusing on stablecoins, was enacted, aligning with earlier predictions.
Global Regulatory Landscape
The complexity of digital asset regulation increased globally. Countries are advancing their strategies, from the U.S.'s rulemaking to the Middle East issuing new licenses and Russia adjusting its stance on digital assets.
Looking Ahead
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