BlockBeats news, on December 24, reported by crowdfundinsider, that Ari Redbord and Angela Ang from the TRM Labs policy team, along with TRM's EMEA Compliance advisor Luke Dufour, reviewed the most important issues in global crypto policy for the fourth quarter of 2025 and examined the developments in crypto policy across 30 jurisdictions, revealing several key trends: · Stablecoins dominated the policy agenda, with over 70% of jurisdictions advancing stablecoin regulation in 2025. · Clearer regulations created a tailwind for institutional adoption, with about 80% of jurisdictions' Financial Institutions announcing new digital asset initiatives. · The impact of regulation on illegal financing remains clear. TRM's analysis found that Virtual Asset Service Providers (VASP), as the most regulated part of the crypto ecosystem, have a significantly lower rate of illegal activities compared to the entire ecosystem. TRM Labs pointed out that 2025 is “a watershed year for US crypto policy,” while the fourth quarter strengthened the momentum of crypto policy, stating that it “is no longer just about bills advancing in Congress.” Instead, regulators are increasingly “using guidance, oversight, and enforcement to achieve policy goals.”