In brief
- Elliptic says governments shifted from enforcement to innovation in 2025, driven by Trump-era policy changes and the GENIUS Act.
- The report finds banks preparing to enter stablecoin custody and issuance following regulatory easing of long-standing restrictions.
- APAC and Middle Eastern hubs have advanced licensing and stablecoin regimes, though experts warn that regional coordination remains unlikely.
A global shift in crypto regulation is underway, with banks, stablecoins, and Asia’s financial hubs positioned to drive the next phase of policy development, according to Elliptic’s Global Crypto Regulation Review 2025, released Thursday.
The annual report says governments this year focused on “moving away from enforcement-led…
Dec 12 2025
