Crypto Law: What Changed in 2025 and What's Next?

In 2025, the world saw big steps in how digital currencies are governed. The EU put MiCA into full effect, while the US passed laws like the GENIUS Act and CLARITY Act. These moves made the rules clearer. The Trump administration also backed crypto with an executive order, showing that crypto is here to stay and not just for illegal activities. The US and EU took different paths in 2025. The EU kept making rules for digital markets, like the Digital Markets Act. The US, however, supported big tech companies and did not push for strict rules. This made regulation a tool for competition. The EU even loosened some AI rules to keep startups from moving to the US.Asia also saw changes. Hong Kong started prosecuting people involved in the JPEX scandal. This showed that the legal system is catching up with crypto crimes. Justice Russell Coleman said that fairness and proportionality are key, even as technology changes. Looking ahead, tax rules for crypto will likely change. Hong Kong is already discussing how to report crypto assets. Japan might set a 20% tax on crypto gains, which could be a model for other countries. Prediction markets and super apps will also need new rules. These apps combine many functions, like trading and AI, making regulation tricky. Privacy is another big issue. Current laws, like GDPR, do not fit well with decentralized systems. There is a need for clearer rules that balance privacy and regulation. Privacy tokens are not likely to be banned, but their use will need more guidance.