China’s Justice Network has issued a proposal to guide courts in handling criminal cases involving virtual currency, detailing standards for asset disposal and victim protection. The plan introduces third‑party auction assistants and dual technical standards for evidence and financial procedures, aiming to improve recovery and prevent seized assets from reentering markets.

On December 14, Pakistan's Ministry of Finance signed a non-binding Memorandum of Understanding with Binance to assess tokenizing up to $2 billion in sovereign bonds, treasury bills and commodity reserves. The initiative, which follows initial approval from the Pakistan Virtual Asset Regulatory Authority, aims to study blockchain’s role in financial instruments and its potential impact on liquidity, investor access and the country's wider digital reform agenda.

On December 13, 2025, OKX froze several OM-linked accounts and halted related trading after detecting coordinated price manipulation that triggered a sharp market drop and user losses. The exchange used its Security Fund to absorb substantial losses, while OM traded around $0.07 with a market cap of $81.92 million amid heightened volatility and potential regulatory scrutiny.

On December 10, 2025, the Federal Reserve unveiled a Treasury Reserve Management Purchases program that will add $40 billion in Treasury bill purchases beginning December 12. The shift toward renewed securities buying is seen as mild quantitative easing that could support risk assets, with Bitcoin trading around $90,366.13 amid recent price volatility. Market participants expect looser U.S. dollar liquidity to offer a more supportive backdrop for major cryptocurrencies despite ongoing regulatory uncertainty.

The U.S. Congress has begun reviewing Senator Josh Hawley's bill S.1498, known as the "Honest Act," which aims to tighten ethical trading rules for senior public officials. The proposal, introduced in April 2025 and advanced by the Senate Homeland Security and Governmental Affairs Committee on July 30, 2025, would bar the President, Vice President, members of Congress and certain federal officials from trading individual stocks, derivatives and futures while allowing government bonds and diversified funds.

At Solana Breakpoint in Abu Dhabi on December 12, co-founder Raj Gokal outlined a goal for Solana to reach a 25% share of on-chain transactions over the next decade. He cited ecosystem momentum, including 1,700 "Colosseum" hackathon teams. As of December 12, 2025, SOL trades at $139.15, according to CoinMarketCap.

YouTube has introduced PayPal USD (PYUSD) as a payout method for eligible US creators, allowing them to receive channel earnings directly in the stablecoin. The move, confirmed by PayPal executive May Zabaneh and a Google spokesperson, is aimed at speeding up payouts and broadening payment flexibility for creators.

The CFTC issued no-action letters to Polymarket, PredictIt, Gemini, and LedgerX/MIAX, providing flexibility around certain swap reporting and clearing requirements. The relief allows these U.S.-focused prediction and crypto-derivatives venues to use third-party clearing members under defined collateral and post-trade transparency conditions. The changes could reduce infrastructure costs and improve market efficiency.

On December 12 in Washington, D.C., Acting Chair Caroline Pham said the CFTC will withdraw its 2020 "actual delivery" guidance for digital assets under the Dodd-Frank Act. The move aims to modernize derivatives oversight and align with federal digital-asset market policy. It also supports recognizing tokenized collateral—such as Bitcoin, Ether, USDC and stablecoins—as eligible margin.