May 2025 was a month pivot for exchanges, brokers and caricatures, especially in the field of digital assets. The month has seen a major regulatory progress in the cryptocurrency space, as well as an announcement concerning a key technological partnership to support the compensation mandate for the Treasures of the Securities and Exchange Commission. The digital asset sector has also experienced additional global expansion thanks to strategic acquisitions carried out by digital asset organizations based in the United States, and there has been global expansion in the space of basic products, as an exchange based in China has announced its intention aimed at allowing direct access to foreign investors.
Regulatory framework for cryptocurrency
On May 29, the Chamber’s Financial Services Committee presented the Clarity Act to establish a large regulatory framework for organizations engaged in cryptocurrency. The Clarity ACT defines various types of digital assets, describes the responsibilities of the SEC and the Commodity Futures Trading Commission in the regulation of various types of digital assets and finally aims to reduce regulatory uncertainty concerning digital assets in the United States.
The Clarity Act also establishes general rules for stablescoins and exchanges of digital assets. The committee finalized the bill in early June; He will now go to the House of Representatives.
An acquisition and a partnership
On May 8, Coinbase announced that it would acquire Deribit, an exchange of crypto derivatives based in Dubai. With this acquisition, Coinbase plans to offer a sidewalk on site, ultimately and options within its platform, on a global scale. The acquisition will extend the Coinbase footprint and the solid will as a platform for advanced and institutional traders, because the main basis of deribit users is the institutional actors.
Mergers and acquisitions in the space of digital assets can be a continuous trend throughout 2025 and beyond as regulatory clarity emerges and the established financial services organizations seek to enter the game and extend their current service offers.
Last month, the Securities Industry and Financial Markets Association – The main commercial organization of the broker – announced a strategic partnership with Arteria AI. This partnership strives to provide participants with the US Treasury participants a mechanism for rationalization of integration, legal compliance and integration of the system when you work with compliance with the new dry mandate requiring the centralized compensation for certain American redemption transactions of the American Treasury.
This software is already available for the implementation, which will allow organizations to deploy it before dry compliance times in 2026 and 2027.
Chinese Exchange opens with new investors
On May 27, Shanghai Futures Exchange announced that it would open its national activities to foreign investors. This would allow foreign brokers and traders to transform directly on the exchange compared to the intermediaries in their respective domicile. If they are adopted, investors would be able to place a margin in their own currency, which reduces the risk of currency, allowing them to access the massive raw materials market in China, which includes more unique products such as bitumen and butadiene rubber.
Ahead
While we turn to the rest of June and beyond, we expect to see additional global accessibility of our markets and more organizations adopting digital assets while regulations continue to take shape.
