Aleksey Bilyuchenko, alleged to be involved in the Mt. Gox hack, has moved 1,300 BTC valued at $114 million to an unidentified trading venue, according to analyst Emmett Gallic. The transfer occurs while Bilyuchenko remains in detention and under legal scrutiny, with market participants closely watching possible effects on Bitcoin price stability. The case underscores persistent regulatory and enforcement challenges surrounding illicitly obtained cryptocurrency.

On December 24, the People’s Bank of China and seven other departments released opinions to expand digital finance cooperation and RMB use in cross-border payments along the Western Land-Sea New Corridor. The plan centers on testing the digital RMB in trade and payment scenarios with partners such as Singapore, Thailand, Hong Kong, and the UAE, while also building digital platforms for cross-border e-commerce.

On December 23, Trump Media & Technology Group, led by CEO Devin Nunes, purchased about 450 Bitcoin valued near $40.3 million, raising its holdings to 11,542 BTC worth roughly $1.04 billion. Following the acquisition, the company’s DJT stock fell close to 10%, while analysts highlighted both the strategic diversification into crypto and the regulatory uncertainty around such large treasury allocations. Bitcoin trades around $88,309.63 with a market cap of $1.76 trillion and a dominance near 58.96%.

On December 22, Indonesia's Financial Services Authority (OJK) listed 29 licensed platforms, naming Indodax, Tokocrypto, Pintu and Upbit. The framework introduces approvals for trading, clearing via PT Bursa Komoditi Nusantara and PT Kliring Komoditi Indonesia, and stricter consumer verification and knowledge tests. Derivatives will require OJK clearance and margin rules.

On December 22, 2025, the People's Bank of China introduced a one-time credit repair policy for individuals with overdue credit records below 10,000 yuan incurred between 2020 and 2025. Eligible borrowers who fully repay these debts by March 31, 2026 will have related overdue entries automatically removed from their credit reports, a move positioned as part of broader post-pandemic economic support.

On December 21, Zhao Zhongxiu of the University of International Business and Economics proposed piloting stablecoin regulations in China’s Free Trade Zones, including Qianhai and Hainan. The plan focuses on building cross‑border fintech infrastructure, testing an offshore RMB stablecoin and creating a whitelist regime, while the People’s Bank of China keeps current crypto trading bans in place. These trials are intended to support digital trade and blockchain development under strict reserve transparency and risk controls.

Reports indicate that U.S. Representatives Max Miller and Steven Horsford are allegedly working on a Digital Asset PARITY Act that would adjust cryptocurrency tax rules, including stablecoin transaction relief and deferred taxation of blockchain rewards. However, the bill and its provisions remain unconfirmed, and observers note similarities with earlier proposals from Senator Cynthia Lummis as questions persist about the measure’s authenticity and potential impact.

The U.S. Securities and Exchange Commission announced settlements with former FTX executives, with enforcement actions pending court approval. The measures bar them from serving as officers or directors of public companies, in some cases for up to ten years, and do not include monetary penalties. Caroline Ellison is expected to face a 10-year officer/director bar related to misused FTX customer funds.

On December 20, a phishing incident resulted in the theft of $50 million in USDT, and the affected address is now pushing for legal action and asset recovery. The victim, working with law enforcement and on-chain researchers, has offered the attacker a $1 million white hat bounty in exchange for returning 98% of the stolen funds. The case underscores persistent security gaps in crypto markets and has drawn attention to stablecoin risks and industry protection standards.