TRM Labs：2025-2026年全球加密货币政策回顾与展望报告：明确机构落地方向（英文版）（53页）.pdf

1、TRM Labs 2026.All rights reserved.Global Crypto Policy Review&Outlook 2025/26Page 1Global Crypto Policy Review&Outlook 2025/2026Toward clarity for institutional adoptionTRMLABS.COMTRM Labs 2026.All rights reserved.Global Crypto Policy Review&Outlook 2025/26Page 2What shaped crypto policy in 2025?202

2、5 in crypto policy:Key highlights TRM Labs reviewed 2025 crypto policy developments in 30 jurisdictions,representing over 70%of global crypto exposure.Stablecoins were a huge focus for policymakers worldwide,with over 70%of jurisdictions progressing stablecoin regulation in 2025.Increasing regulator

3、y clarity also created major tailwinds for institutional adoption,with financial institutions in about 80%of jurisdictions announcing new digital asset initiatives.The impact of regulation on illicit finance remains clear.TRM analysis found that virtual asset service providers(VASPs),which are the m

4、ost widely regulated segment of the crypto ecosystem,have significantly lower rates of illicit activity than the overall ecosystem.2025 was the year regulatory clarity met market momentum.As the US under the Trump administration reshaped the global policy tone,crypto regulation entered a period of a

5、ccelerating implementation and growing maturity.In this years Global Crypto Policy Review&Outlook 2025/26 report,TRM Labs reviewed crypto policy developments in 30 jurisdictions,representing over 70%of global crypto exposure capturing a landscape defined by stablecoins taking center stage,institutio

6、nal adoption driven by regulatory clarity,and a global push for consistent regulation and responsible innovation.Stablecoins in focus With stablecoins reaching a record high in 2025,it is no surprise that they dominated the global policy agenda,with over 70%of jurisdictions reviewed advancing new st