A Tale of two Worlds: A Comparative Analysis of Crypto Regulations Worldwide

Crypto is moving from a permissionless, largely unsupervised asset toward a compliant institutional asset class, a shift likened to the 1933 and 1934 US Securities Acts that followed the 1929 crash. Under SEC chair Paul Atkins, whose "Project Crypto" stopped the agency's lawsuits against crypto firms, the US has moved toward regulatory clarity. The GENIUS Act, passed in July 2025, requires 1:1 treasury backing for stablecoins, while the CLARITY Act on market structure remains stalled in the House Financial Services Committee. JPMorgan plans to let institutional clients use bitcoin and ether as loan collateral by the end of 2025, according to Bloomberg.