Elliptic: Global cryptocurrency regulation shifts from enforcement to innovation, with banks and stablecoins leading the next phase of policy development

WuSaidBlockchainW · 2025-12-12T05:16:41+00:00

Elliptic's "2025 Global Crypto Regulation Review" points out that policies in various countries are showing a trend of "focusing on innovation." The United States particularly emphasizes crypto innovation and stablecoin development, with multiple countries actively promoting stablecoin regulations and increased institutional participation.

WuSaidBlockchainW

2025-12-12 05:16:41

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Elliptic’s latest “2025 Global Crypto Regulatory Review” points out that this year, countries are shifting from a focus on “strict enforcement” to “emphasizing innovation.” Banks, stablecoins, and Asian financial centers will lead the next phase of policy development. The most notable change is in the United States: Trump has prioritized cryptocurrency as a core policy issue, promoting the introduction of a federal stablecoin framework through the GENIUS Act, the DOJ has stopped “regulation by prosecution,” and the SEC has established a dedicated crypto task force to restore confidence in American crypto innovation. The report states that stablecoins are transitioning from “centralized IOUs” to on-chain native assets used for collateral, settlement, and yield generation, influencing protocol design. Banks in the US, EU, and Hong Kong are preparing to enter stablecoin issuance and custody, with institutional participation showing structural growth. Globally, stablecoin regulations are being implemented intensively, with steady progress in Hong Kong, the UK, South Korea, Singapore, and the UAE. (Decrypt)

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