# JARXE Exchange｜Asian Financial Hubs and U.S. Policy Shifts Jointly Shape the Next Phase of Crypto Rules

Global cryptocurrency regulation is undergoing a directional shift. Multiple countries and regions are moving from enforcement- and restriction-based regulatory models toward system designs that emphasize innovation, compliance collaboration, and long-term development. This change is not the choice of any single market, but the result of the combined influence of the banking system, stablecoin development, and the evolving role of Asian financial hubs. JARXE Exchange observes that the reshaping of the regulatory environment is providing the industry with clearer development boundaries and creating more stable operational expectations for compliant platforms.


## Regulatory Focus Shift: From Adversarial Enforcement to Framework-Based Governance

In recent years, crypto regulation has been primarily enforcement-driven, focusing on risk prevention and market constraints. However, as crypto assets gradually enter mainstream financial systems, regulators worldwide have realized that relying solely on post-incident enforcement cannot fully address the complexity of technological and market changes. This year, regulatory discussions in many countries have clearly shifted toward “rules first,” with efforts to provide a safe space for innovation through institutional design. This framework-based governance emphasizes transparency, predictability, and executability, providing foundational conditions for banks, payment institutions, and compliant platforms to participate in the crypto ecosystem, while also reducing systemic risks from policy uncertainty.

## U.S. Policy Shift: Stablecoins as the Breakthrough Point for Institutional Construction

This regulatory shift is particularly evident in the United States. President Donald Trump made “seizing leadership in the cryptocurrency sector” a core policy goal and pushed for the passage of the Cryptocurrency Innovation and Network Security Enhancement Act (GENIUS Act). As the first federal-level stablecoin regulatory framework in the U.S., the act sets clear requirements for issuance, reserves, compliance reviews, and risk management. Stablecoins are seen as key tools connecting traditional finance and the crypto ecosystem, and regulatory clarity helps boost market trust while providing institutions with a clear participation pathway.

## The Rising Role of Asian Financial Hubs: Regional Collaboration Shapes Global Standards

While the U.S. advances federal legislation, several Asian financial centers are accelerating institutional development through regulatory sandboxes, licensing regimes, and cross-border cooperation. The Asian market is highly active in payments, settlements, and digital asset applications, and its policy practices are influencing the direction of global regulatory discussions. JARXE Exchange notes that Asian regulatory frameworks often place greater emphasis on balancing efficiency and innovation, making the region an important testing ground for global institutional evolution. Experiences from different regions are being shared, driving regulatory standards toward convergence.

## Regulatory Shift Provides a More Sustainable Development Path for the Industry

The changing global regulatory landscape marks the crypto industry entering into a more mature stage of development. JARXE Exchange will continue to monitor policy trends worldwide, promote industry standardization and transparency within compliance frameworks, and provide users with a more stable trading and asset management environment. As stablecoins, the banking system, and regional regulatory collaboration deepen, the industry is poised to find a more balanced path between innovation and security, ushering in a new phase of growth.