On April 24, 2025, the Federal Reserve Board withdrew its 2023 guidance that limited uninsured banks from engaging in crypto-asset activities, a policy previously linked to Custodia Bank’s master account outcome. The Board indicated it will rely on standard supervisory monitoring going forward, a shift that could broaden bank participation in digital-asset services while elevating discussions on oversight and risk.

U.S. Senators Jerry Moran and Elissa Slotkin introduced the SAFE Crypto Act to establish a federal task force focused on cryptocurrency fraud. The measure seeks coordination across government and private-sector experts to study scam patterns, strengthen prevention, equip local law enforcement with investigative tools, and expand public awareness efforts.

U.S. Senators Jerry Moran and Elissa Slotkin have put forward the bipartisan SAFE Crypto Act to create a federal task force focused on cryptocurrency fraud. The initiative would bring together the Treasury Department, law enforcement agencies such as the FBI, and private sector experts to address digital asset scams and improve public awareness.

At a recent Robinhood keynote, CEO Vlad Tenev outlined plans for a major expansion in prediction markets, saying annual trading activity could eventually reach trillions of contracts. He highlighted $115 million in Q3 2025 revenue and 2.5 billion contracts traded in October from prediction products, alongside new AI features aimed at boosting engagement and user growth.

HashKey Holdings (3887.HK) began trading on the Hong Kong Stock Exchange on December 17, 2025, with shares opening at HK$6.70 and reaching a high of HK$7.12. The company, which positions itself as Asia's largest onshore digital asset platform, is using IPO proceeds for product development and branding while emphasizing a regulatory-compliant growth strategy.

Aave founder Stani Kulechov stated that a four-year SEC investigation into the Aave protocol has concluded without enforcement action, signaling a notable regulatory development for DeFi. Following the news, the AAVE token climbed 2.28% to $187.45 on December 16, 2025, with a market capitalization of $2.87 billion despite a weekly decline.

The UK Financial Conduct Authority has opened a consultation on a new set of cryptocurrency regulations, alongside a government decision that industry rules will take effect in October 2027. The package targets market integrity, consumer protection and prudential standards, with feedback accepted until February 12, 2026 and final measures expected by the end of 2026. UK crypto ownership has fallen from 12% to 8% in a year, while Bitcoin is priced at $86,504.74 with 58.59% market dominance and pronounced recent volatility.

Aave Labs integrated CoWSwap into app.aave.com, replacing Paraswap, drawing objections from Aave DAO delegates over front-end fee routing. Delegates EzR3aL and Marc Zeller say the change diverts 15–25 basis points and could reduce DAO revenue by about $10m per year, raising governance and transparency concerns.

On December 15, CME Group introduced spot-priced XRP and SOL futures, with contracts stated to become effective on December 15, 2025. The products expand its U.S. crypto suite alongside Bitcoin and Ethereum futures and feature longer expirations to reduce rollovers. CME cited more than 1.3 million Spot-Quoted Bitcoin and Ether contracts traded since June.