CBDC
The Financial Stability Board (FSB) has finalized a comprehensive global regulatory framework for crypto-assets, promoting consistency with the principle of "same activity, same risk, same regulation." This framework addresses client asset protection, conflict of interest management, and cross-border cooperation, but excludes Central Bank Digital Currencies (CBDCs).
The Blockchain Association Policy Summit 2023 in Washington, D.C., gathered industry leaders and policymakers to discuss the future of crypto regulation, innovation, and market structure, emphasizing a nonpartisan approach and the need for clear regulatory frameworks.
In 2025, the US government introduced several executive orders and a significant Presidential Working Group report to enhance fair banking practices, regulatory clarity, and innovation in digital finance. President Trump's administration aims to curb discriminatory banking regulations against digital assets, oppose a central bank digital currency, and establish a strategic Bitcoin reserve.
On July 17, 2025, Congress plans to vote on major cryptocurrency bills, including the GENIUS Act for stablecoins and the CLARITY Act for token markets. Market optimism grows as Ethereum and other tokens rally. Meanwhile, the high-profile trial of Tornado Cash co-developer Roman Storm raises debates over privacy and regulation. Industry developments include Coin Metrics' acquisition by Talos and Coinbase's new Base app.
On July 17, 2025, the U.S. House passed three significant cryptocurrency bills, including stablecoin regulations and a ban on a Federal Reserve digital currency. These laws aim to regulate and legitimize crypto markets but face criticism and political controversies.
In July 2025, major crypto updates include Coinbase's acquisition of Liquifi to aid token launches, Circle's stock performance amidst flat USDC market cap, 49 countries piloting CBDCs, diverse crypto investor demographics, and growing momentum in crypto ETFs. These trends signal evolving regulation and adoption.
The Bank of Korea has suspended its central bank digital currency (CBDC) trials after participating banks showed increased interest in government-endorsed stablecoins. This shift highlights the evolving landscape of digital currencies in South Korea and the impact of regulatory decisions on CBDC development.