According to ChainCatcher, as reported by crowdfundinsider, Ari Redbord and Angela Ang from the TRM Labs policy team, along with TRM's EMEA compliance advisor Luke Dufour, reviewed the most important matters in global crypto policy for the fourth quarter of 2025 and examined developments in crypto policy across 30 jurisdictions, revealing several key trends:
Stablecoins have dominated the policy agenda, with over 70% of jurisdictions advancing stablecoin regulation by 2025.
Regulatory clarity has created a tailwind for institutional adoption, with about 80% of financial institutions in jurisdictions announcing new digital asset initiatives.
The impact of regulation on illegal financing remains clear. TRM's analysis found that virtual asset service providers (VASP), as the most regulated part of the crypto ecosystem, have a significantly lower rate of illegal activities compared to the entire ecosystem.
TRM Labs points out that 2025 is a "watershed year for U.S. crypto policy," while the fourth quarter has strengthened the momentum of crypto policy with the fact that it is "no longer just about bills moving through Congress." Instead, regulators are increasingly "using guidance, supervision, and enforcement to achieve policy objectives."