1) As promised... here is the State of Crypto Policy Post-Election report!

In just the first three months of 2025, U.S. crypto policy moved faster than it had in the past three years.

Hard to keep up? I compiled it all into one comprehensive report 🧵👇

2) Legislators in 26 U.S. states have introduced bills proposing state-level Bitcoin or digital asset reserves. 

44 states have proposed broader legislation addressing digital asset regulation, consumer protection, taxation, legal recognition, and blockchain integration in government services.

3) Congress advanced two stablecoin bills: Senate’s GENIUS Act and House’s STABLE Act.

4) Since February, the SEC paused or dismissed cases against:
Binance, Coinbase, OpenSea, Robinhood, Uniswap, Gemini, Justin Sun, Consensys, Kraken, Yuga Labs, DRW, Ripple, Immutable, and Crypto .com.

5) The SEC rescinded SAB 121 and clarified that Proof-of-Work mining and certain fiat-backed stablecoins fall outside securities law.

7) A full federal regulatory proposal is due by late July 2025 (180 days after Trump’s Jan. 23 Executive Order). It will include a national framework for stablecoins, exchange oversight, and market structure.

8) In the full pro report (linked below), I break down every post-election executive action, regulatory update, and legislative development.

Textbook-level detail for those tracking crypto policy in real time.

8) In the full pro report (linked below), I break down every post-election executive action, regulatory update, and legislative development.

Textbook-level detail for those tracking crypto policy in real time.
https://messari.io/report/state-of-crypto-policy-post-election

6) The DOJ disbanded its crypto enforcement unit, reinforcing a broader pivot away from punitive oversight toward regulatory clarity.