As of May 17, 2025, global cryptocurrency regulation is undergoing significant developments. Here's an overview of the latest updates
๐บ๐ธ United States: Advancing Regulatory Frameworks
Stablecoin Legislation: The U.S. Senate is poised to pass the GENIUS Act, marking the first major regulatory framework for stablecoins. This bill mandates that stablecoins hold reserves in safe, liquid assets and comply with anti-money-laundering and terrorism financing rules, while also providing bankruptcy protections for holders.
SEC's New Initiatives: SEC Chair Paul Atkins announced plans to overhaul cryptocurrency regulations by creating clear guidelines for crypto tokens classified as securities. 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.
Executive Order 14178: President Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," which prohibits the establishment, issuance, or promotion of a Central Bank Digital Currency (CBDC) and establishes a group tasked with proposing a federal regulatory framework for digital assets within 180 days.
๐ซ๐ท France: Addressing Crypto-Related Crimes
France is grappling with a surge in kidnappings targeting cryptocurrency entrepreneurs. Notably, a recent incident involved the attempted kidnapping of the daughter of Pierre Noizat, CEO of Bitcoin exchange Paymium. In another case, a victim had a finger severed by kidnappers. These events have prompted Interior Minister Bruno Retailleau to promise enhanced security measures for crypto entrepreneurs.
๐ต๐ฐ Pakistan: Regulatory Developments
In Pakistan, the State Bank of Pakistan $BTC
has been working on developing a regulatory framework for cryptocurrencies. While specific details are yet to be announced, the $XRP
aims to balance innovation with financial stability and consumer protection. Stakeholders in Islamabad and other regions are advised to stay informed about upcoming guidelines.