US Crypto Regulations Shift Dramatically in 2025 Under Pro-Innovation Approach

The regulatory landscape for cryptocurrencies in the United States underwent a seismic shift in 2025, as the Trump administration embraced a pro-innovation stance. A clear departure from the previous "regulation by enforcement" approach has emerged, with structured federal rules taking precedence. Wyoming and Texas led the charge at the state level, enacting progressive crypto laws while other states experimented with blockchain-based public services.

Key developments included the repeal of Executive Order 14067, the SEC’s introduction of a new digital asset securities framework, and the near-finalization of the GENIUS stablecoin bill. The Office of the Comptroller of the Currency contributed to this regulatory clarity with fresh interpretive guidance, marking a watershed moment for crypto businesses seeking compliance certainty.