Former U.S. President Donald Trump pardoned Changpeng Zhao, founder of cryptocurrency exchange Binance, who served four months in prison for violating anti-money laundering laws. The pardon could enable Binance to reenter the U.S. market, though Treasury approval remains required to end the Justice Department's three-year compliance monitoring.

JPMorgan Chase announced on October 24, 2025, that institutional clients can now use Bitcoin and Ethereum as collateral for loans. The bank partners with third-party custodians including Coinbase and Anchorage Digital to manage custody risks. The move marks a significant integration of digital assets into traditional banking services.

Coinbase CEO Brian Armstrong said the U.S. cryptocurrency market structure bill is 90% finalized with bipartisan support, according to his communications with Senate Democrats and Republicans. Armstrong aims to submit the legislation before Thanksgiving and expressed optimism for passage by year-end. The bill would establish clear DeFi regulations and protect users' rights to earn stablecoin rewards.