In the year 2025 is a good year for crypto policy, say industry experts

After a wave of regulatory pressures on crypto over the past two years, industry experts are expecting 2025 to be friendlier, thanks in part to positive regulatory developments.

“2025 could be a good year for crypto policy,” Bloomberg senior policy analyst Nathan Dean wrote on May 23. “I feel like this week could be a tipping point as I try to stay neutral on #cryptoregulations. #Bitcoin ETF approval, possibly #Ethereum ETF approval soon, and 71 House Democrats joining the FIT Act (not to mention SAB 121).

Dean went on to explain that in addition to cryptocurrency exchange-traded fund (ETF) approvals, stablecoin frameworks could come to fruition by the end of next year. However, the analyst warned that the United States Securities and Exchange Commission still has the power to regulate projects that seek to classify their tokens as commodities rather than securities, although the problem is “good to have” as the industry becomes more transparent about the law.

Another Bloomberg analyst, Eric Balchunas, agrees.

“A bipartisan group of House lawmakers sent Gary Gensler a letter urging the SEC to approve Ether ETFs,” Balchunas said, referring to a congressional letter that “provides investors with access to crypto in an organized, transparent, and secure manner.” It's so surreal and amazing to see them enter the narrative.

It is not only in America that legislators have turned to regulation as opposed to overt enforcement.

On May 22, the first Bitcoin (BTC) and Ether (ETH) exchange-traded products (ETPs) launched on the London Stock Exchange after being approved by the UK's Financial Conduct Authority. Although ETPs are currently only available to professional investors, a spokesperson for CryptoUK, the UK crypto-asset industry's self-regulatory trade association, said the approval was a “step in the right direction” and “increasingly” the government's desire to secure Britain as a global crypto-asset hub.

The next day, Cointelegraph reported that the Hong Kong Securities and Futures Commission is currently considering allowing issuers of the spot Ether ETF to hold ETH in custody, verifying transactions on the blockchain and delivering a 3.6% annual yield to shareholders. However, no concrete plans have been made for the decision.

A decision by US regulators on the spot ether ETF is expected on the same day, with prices of major currencies rallying pending approval.

Related: SEC Ethereum ETF Discussions Underway, S-1 Approval Expected Within Hours