BlockBeats news, on December 24, according to crowdfundinsider, the policy team of TRM Labs, Ari Redbord and Angela Ang, along with TRM's EMEA Compliance advisor Luke Dufour, reviewed the most important matters in global encryption policy for the fourth quarter of 2025 and examined the developments in encryption 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 have 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 analysis found that virtual asset service providers.