Global Crypto Shake-Up – May 16, 2025
Top Headlines in the Crypto World:
Pakistan Goes Bold on Blockchain
A game-changer move: Pakistan forms the Pakistan Crypto Council, teaming up with Binance founder CZ and a Trump-backed venture. The goal? Legalize crypto trading and turn Pakistan into a global blockchain powerhouse.
U.S. Draws the Line
President Trump’s Executive Order 14178 bans a government-issued CBDC and sets a 180-day countdown for new digital asset rules. Meanwhile, the SEC is crafting fresh crypto token regulations, and Congress is eyeing stablecoins with the STABLE and GENIUS Acts.
Hong Kong Means Business
With new licenses for retail crypto trading and stablecoin regulations, Hong Kong is becoming Asia’s crypto capital. Big banks from China are jumping in, issuing digital bonds backed by the city’s bullish blockchain vision.