In 2025, significant shifts in crypto regulation are occurring globally, particularly in the United States and the European Union. Paul Atkins is set to replace Gary Gensler as chair of the SEC, indicating a potential move towards a more business-friendly regulatory environment for crypto in the U.S. Gensler was criticized for an overly aggressive, enforcement-driven approach to regulation. Meanwhile, the European Union's ambitious Markets in Crypto Assets (MiCA) regulation is leading to some businesses exiting the region due to stringent rules. Asia, particularly Hong Kong, is making strides with ongoing legal cases and attempts to solidify its position as a crypto hub. The experts interviewed anticipate that while legislative changes may not be immediate, forthcoming court cases and legal definitions regarding digital assets, including NFTs, will pave the way for clearer regulatory frameworks. Notably, the overturning of the Chevron deference doctrine may provide the crypto industry with greater operational freedom as the courts will not defer to agency interpretations. Overall, while challenges remain, the landscape for crypto laws is evolving, with countries reassessing their regulatory approaches.

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