TRM Labs: 2025 marks watershed for U.S. crypto policy, stablecoins lead global agenda

TRM Labs said 2025 was "a watershed year for U.S. crypto policy," with stablecoins dominating regulatory agendas globally. On Dec. 24, TRM policy team members Ari Redbord and Angela Ang, working with EMEA compliance advisor Luke Dufour, reviewed Q4 2025 crypto policy across 30 jurisdictions and found over 70% advanced stablecoin regulation, crowdfundinsider reports. Around 80% of jurisdictions' financial institutions announced new digital asset initiatives, aided by clearer rules, while Virtual Asset Service Providers—the most regulated segment—showed significantly lower illicit activity rates than the broader ecosystem. TRM said Q4 underscored policy momentum "no longer just bills moving through Congress," as regulators increasingly rely on guidance, supervision, and enforcement.