United States: Regulatory Overhaul Underway
The U.S. Securities and Exchange Commission (SEC), under new Chair Paul Atkins, is initiating a significant shift in crypto regulation. The agency plans to establish clear guidelines for crypto tokens classified as securities, aiming to promote lawful issuance, custody, and trading of crypto assets while deterring misconduct. Additionally, the SEC is considering adjustments that would allow registered broker-dealers with an Alternative Trading System (ATS) to trade non-securities like Bitcoin and Ethereum.
thomsonreuters.com
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PYMNTS.com
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Reuters
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Reuters
This move aligns with President Donald Trump's pro-crypto stance, contrasting with the regulatory enforcement under former President Biden. Under the new administration, the SEC has agreed to withdraw or pause several enforcement cases against prominent crypto firms like Coinbase and Kraken.
Reuters
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GIS Reports
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However, legislative efforts have faced hurdles. A key procedural vote on a first-of-its-kind crypto regulation bill fell short in the Senate, facing opposition from Democrats amid concerns over consumer protections and political entanglements.
CBS News
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๐ฌ๐ง United Kingdom: FCA Seeks Public Input on Crypto Regulation
The UK's Financial Conduct Authority (FCA) is actively seeking public and industry views on crypto regulation, focusing on intermediaries, staking, lending and borrowing, and decentralized finance (DeFi). This follows draft legislation by the Treasury aiming to bring specific crypto activities within the FCAโs regulatory scope.
CoinDesk
๐ญ๐ฐ Hong Kong: Advancing as a Digital Asset Hub
Hong Kong is intensifying efforts to become Asia's foremost hub for digital asset trading. The city has introduced new regulations to attract global investors, including licensing over-the-counter virtual asset trading and custody services, and proposals to regulate stablecoins. Authorities also aim to enhance attractiveness by proposing tax exemptions for high-net-worth and institutional investors dealing in crypto.
Financial Times
๐๏ธ Global Trends: Institutional Interest and Policy Shifts
At the Consensus 2025 conference in Toronto, investor Kevin OโLeary emphasized the need for clear crypto regulations, predicting that a market structure bill could open the floodgates for institutional investors into crypto. He stated, โ... a trillion dollars will come in ...โ once regulatory clarity is achieved.
CoinDesk
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CoinDesk
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The U.S. Department of Justice (DOJ) has clarified its stance, announcing that it is no longer a "digital assets regulator," providing legal advisers with clarity but also creating new compliance concerns.
Bloomberg Law
๐ธ Visual Highlights
Here are some images capturing recent developments in crypto regulation:
HODL Dubai 2025 Conference: Global leaders discuss the future of crypto regulation.
Senate Vote on Crypto Regulation Bill: The U.S. Senate prepares to vote on the GENIUS Act amid political opposition.
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The Economist
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SEC Crypto Roundtable: Discussions on crypto regulation and the influence of political ties.
Cryptonews
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CoinDesk
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Ripple Lawsuit Update: The SEC drops its appeal in the lawsuit against Ripple $XRP
(XRP).
BeInCrypto#CryptoRegulation
