November 25, 2025 | 02:20
The UK Treasury has confirmed that crypto staking will not be classified as a collective investment scheme, following an amendment to the Financial Services and Markets Act 2000. This clarification, effective from January 31, distinguishes staking from traditional investment models, promoting innovation while reducing legal uncertainty in the crypto sector.Meanwhile, a survey reveals that only 35% of financial advisors can invest in crypto for clients, despite a growing interest in digital assets. While crypto allocations have doubled, many clients are investing independently, highlighting ongoing access challenges for advisors.
about UK Treasury Clarifies Crypto Staking Is Not a Collective Investment SchemeBill Hughes
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UK Clarifies Crypto Staking is Not a Collective Investment Scheme
The UK Treasury has clarified that crypto staking, essential for proof-of-stake blockchains like Ethereum and Solana, is not classified as a collective investment scheme (CIS), which is subject to strict regulation. This amendment to The Financial Services and Markets Act 2000 will take effect on January 31, allowing users to validate transactions and earn tokens without the heavy regulatory burden typically associated with CIS. Economic Secretary Tulip Siddiq emphasized the need to remove legal uncertainties surrounding staking services, aligning with the local crypto industry’s requests.
about UK Clarifies Crypto Staking is Not a Collective Investment SchemeDeFi Faces Challenges Following IRS Broker Designation Rule Changes
The IRS has designated decentralized finance (DeFi) front-ends as brokerages, prompting significant backlash from the crypto industry. Alex Thorn of Galaxy Digital outlined three potential responses for DeFi: comply with the new rules, block U.S. users, or abandon upgrades and revenue generation. Following the rule’s announcement on December 27, 2024, advocacy groups filed a lawsuit against the IRS, claiming the regulation represents unlawful overreach.
about DeFi Faces Challenges Following IRS Broker Designation Rule ChangesIRS Introduces New Tax Rules for DeFi Platforms Starting in 2027
The IRS has introduced a new tax rule for decentralized finance (DeFi) platforms, effective in 2027, requiring them to collect user trading information and issue tax forms. This move, part of the 2021 Infrastructure Investment and Jobs Act, faces opposition from industry leaders who argue it imposes compliance challenges on decentralized entities. Critics claim the rule offers “all cost, no benefit,” potentially leading to instability in the DeFi space while aiming for greater transparency in digital asset taxation.
about IRS Introduces New Tax Rules for DeFi Platforms Starting in 2027Ethereum Poised for Growth in 2025 Amidst Market Shifts and Challenges
Solana surged 204% in 2024, driven by decentralized exchange activity and the creation of over 3 million tokens, while Ethereum is poised for a potential breakout in 2025, with predictions of reaching $10,000 amid a favorable regulatory environment and increased staking opportunities. Retail trading has also surged, surpassing 2021 levels, as individual investors flock to cryptocurrencies and popular stocks. Meanwhile, hackers stole $2.2 billion from crypto platforms, with North Korean-linked groups responsible for a significant portion of the losses.
about Ethereum Poised for Growth in 2025 Amidst Market Shifts and ChallengesUS Treasury Set to Finalize Controversial DeFi Tax Regulations Soon
New US tax regulations targeting decentralized finance (DeFi) are expected to be finalized by year-end, raising concerns among industry stakeholders. Proposed rules could require DeFi protocols and developers to verify user identities for tax reporting, undermining the core principles of blockchain technology. Critics warn that such measures may drive DeFi operations offshore and lead to increased centralization, threatening the foundational ideals of the sector.
about US Treasury Set to Finalize Controversial DeFi Tax Regulations SoonNew Lawsuit Alleges Binance and CZ Involved in Laundering Stolen Cryptocurrency
Binance and its former CEO, Changpeng Zhao (CZ), are facing a class-action lawsuit in Seattle, accused of laundering stolen cryptocurrency and violating the RICO Act. Plaintiffs allege that Binance’s actions made their stolen assets untraceable, hindering recovery efforts. This lawsuit adds to Binance’s legal troubles, following CZ’s guilty plea to U.S. money laundering charges, resulting in a $4.3 billion fine and a four-month prison sentence.
about New Lawsuit Alleges Binance and CZ Involved in Laundering Stolen CryptocurrencyConsensys Secures Expedited Court Review in SEC Regulatory Battle
Consensys is taking legal action against the SEC’s allegations of securities law violations through its product MetaMask. The company aims to expedite the resolution of the case by the end of the year, as the outcome will significantly impact the crypto industry. The SEC’s aggressive stance on regulating the crypto industry, as evidenced by its recent actions against Consensys, reflects its broader enforcement campaign within the sector.
about Consensys Secures Expedited Court Review in SEC Regulatory BattleEthereum Developer Consensys Wins Legal Battle Against SEC in Texas
A Texas judge has granted Consensys’s request to expedite a decision on whether the SEC can regulate the self-custodial MetaMask wallet as a broker-dealer. Binance has announced adjustments to its services in Turkey in response to new crypto regulations, maintaining accessibility for Turkish users while gradually removing Turkish language options over three months. The move aligns with Turkey’s efforts to bring cryptocurrency firms under the oversight of the local securities market regulatory authority.
about Ethereum Developer Consensys Wins Legal Battle Against SEC in TexasConsensys Lawsuit Against SEC Enters Expedited Court Schedule
A federal judge has approved an expedited schedule for Consensys’ lawsuit against the SEC, with briefs to be filed by September and November. The SEC has been granted a 28-day extension to respond to the complaint, and a ruling on the case is expected around December. The lawsuit alleges the SEC’s campaign to control cryptocurrency’s future and its enforcement actions against Ether as a security, while the SEC has filed its own lawsuit accusing Consensys of operating as an unregistered broker.
about Consensys Lawsuit Against SEC Enters Expedited Court Schedule