Two U.S. Senators introduced the SAFE Crypto Act on Monday to coordinate the U.S. Treasury, FinCEN, the Secret Service and law enforcement against crypto fraud. The FBI reported $9.3 billion in crypto-related investment scam losses in 2024, a 66% rise, with $2.84 billion affecting those over 60.

On Tuesday, Governor Tiff Macklem said the Bank of Canada will permit only fiat-linked, high-quality stablecoins, requiring a 1:1 peg and backing with high-quality liquid assets, under rules expected in 2026. A November 2025 budget report outlined reserve, redemption and risk-management obligations for issuers, while Canada advances real-time payments and open banking.