Here's a comprehensive overview of the latest developments in the cryptocurrency landscape as of May 19, 2025:
📉 Market Overview
🏛️ Regulatory Developments
United States: GENIUS Act Nears Senate Approval
India: Supreme Court Seeks Clarity on Crypto Regulation
United Kingdom: HMRC Introduces New Tax Rules for Crypto Holders
Starting January 1, 2026, HMRC will implement new regulations requiring cryptocurrency users to provide personal data, including name, address, date of birth, and national insurance or tax ID numbers. Trading platforms must collect and report detailed transaction data to HMRC, with non-compliant platforms facing fines. Profits from crypto are subject to Capital Gains Tax, with rates depending on the taxpayer's income band.
📈 Institutional Investment Trends
U.S.-based crypto investment products have attracted over $7.5 billion in 2025, marking the fifth consecutive week of net positive inflows. This resurgence follows nearly $7 billion in outflows during February and March. The United States accounted for the bulk of these inflows, indicating growing institutional interest in digital assets.
🔐 Security Concerns
Coinbase reported a recent cyberattack where hackers bribed overseas contractors or employees to access sensitive customer data, including government ID images and partial Social Security numbers. Although no passwords or private keys were compromised, the breach affected under 1% of monthly active users. Coinbase has pledged to refund affected users and is collaborating with authorities to address the incident.
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