#CryptoRegulation Global cryptocurrency regulation is evolving rapidly. The European Union's Markets in Crypto-Assets (MiCA) regulation, effective since December 2024, provides a comprehensive framework for crypto assets, including stablecoins and service providers . In the United States, the Financial Innovation and Technology for the 21st Century Act (FIT21) passed the House in May 2024, aiming to clarify the roles of the SEC and CFTC in digital asset oversight . Pakistan established the Pakistan Crypto Council in March 2025 to develop regulations and promote blockchain technology . These efforts reflect a global trend toward clearer crypto regulations to enhance investor protection and market stability.