🚨 1. U.S. Senate passes GENIUS Act on stablecoins

A major bipartisan win: the Senate approved the GENIUS Act (68–30), introducing federal oversight for stablecoins—including reserve mandates, audits, AML compliance, and consumer protections—before the bill now heads to the House .

2. “End Crypto Corruption” Act surfaces amid Trump scrutiny

Proposed by lawmakers in response to Trump's crypto ties (WLF, USD1), this bill seeks to tighten ethics rules for politicians and the President regarding crypto investments .

3. EU grants MiCA licenses to major firms

Under MiCA, Malta has already greenlighted Gemini, OKX, and Crypto.com, while Luxembourg is expected to license Coinbase—expanding pan-EU crypto services .

4. UK FCA lifting retail ban on crypto ETNs

The UK is consulting (until July 2025) on allowing retail access to crypto-linked ETNs, though derivative and ETF restrictions remain .

5. OECD’s Crypto‑Asset Reporting Framework (CARF)

CARF, mandating crypto service providers share user transaction and tax data across jurisdictions, will take effect in the EU from January 1, 2026 .

6. Turkey enacts capital, AML rules for CASPs

By June 30, 2025, crypto exchanges and custodians in Turkey must meet minimum capital requirements ($4.1M for exchanges, $13.7M for custodians) and robust AML/transaction monitoring .

7. Argentina finalizes VASP regulations

Argentina’s CNV now requires VASPs to register, segregate client funds, enforce cybersecurity, complete audits, and report monthly before deadlines through September 2025 .

8. South Korea opens crypto to institutions

The FSC plans to gradually allow institutional trading, issue stablecoin and exchange rules, and amend laws to vet major stakeholders .

9. Japan designates crypto as financial products

Japan’s FSA is revising the Securities Law to include crypto—introducing insider trading restrictions and enhancing investor protection .

10. Cambodia & Thailand launch limited frameworks

Thailand is piloting spot ETF approvals, Bitcoin payment sandbox in Phuket, and tokenized securities .

Cambodia is allowing regulated stablecoin and tokenized asset services through banks—but crypto ownership remains banned .