Andreessen Horowitz, the Uniswap Foundation, the DeFi Education Fund and The Digital Chamber opposed Citadel Securities' request that the SEC treat DeFi venues handling tokenized equities as regulated exchanges or broker-dealers. According to a Friday letter to the SEC, the coalition said Citadel's analysis is flawed and argued that thoughtfully designed onchain markets can protect investors without traditional registration.

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.

On 13 December 2025, Prime Minister Donald Tusk's government resubmitted Poland's digital‑asset bill to President Karol Nawrocki, citing national‑security risks. Days earlier, Nawrocki vetoed the proposal, arguing it is overly restrictive. Lawmakers reintroduced the text without changes amid EU MiCA alignment concerns.

Pakistan signed an MoU with Binance to explore tokenizing up to $2 billion in sovereign bonds, treasury bills and commodity reserves. The plan aims to improve liquidity and market access, while final approval remains pending, the finance ministry said. Separately, Pakistan’s regulator granted initial clearance for Binance and HTX to register locally and begin applying for full exchange licenses.

XRP hovered around $2.02 near the 50% Fibonacci retracement while net inflows totaled $16.42 million across a 19-day streak. RSI sat near 42 and MACD approached a potential bullish crossover, yet price remained compressed despite the 21Shares spot XRP ETF ($TOXR) launch.

Pi Network's PI token recently lost the upside momentum it showed from October to most of November, slipping back toward the $0.20 level after previously rebounding from about $0.23 to above $0.28. ChatGPT's short-term analysis suggests a bearish tone, highlighting nearby supports at $0.20, $0.18–$0.19 and the early October all-time low at $0.172, with a downside scenario extending to $0.16 if key supports fail. The AI model also notes weakening volume and an upcoming unlock of over 180 million tokens in the next month, while seeing limited but possible upside toward $0.21–0.25 and a likely sideways range between $0.18 and $0.21.

On December 13, 2025, former President Donald Trump's AI and Crypto Czar David Sacks defended an executive order titled "Ensuring a National Policy Framework for Artificial Intelligence" that aims to centralize AI regulation at the federal level. The order seeks to preempt what the administration views as burdensome state-level rules, while critics in Congress and state governments warn it could undercut consumer protections and state authority. Sacks argues that a unified national standard would reduce compliance costs and help the U.S. maintain its AI edge over China.

Moody's introduced a stablecoin rating framework to assess credit and market risks and opened a public comment period that ends on January 26, 2026. The methodology aims to differentiate tokens by reserve quality and operational resilience, with potential implications for widely used fiat-backed stablecoins such as USDT and USDC.