At the Breakpoint 2025 event in Abu Dhabi on December 11, Coinbase announced an on-chain feature that will let users trade any Solana token directly through a DEX-style interface without requiring a prior listing. The company is also integrating a new Solana-focused user interface and plans to open early access next week. Coinbase’s recent acquisition of Solana-native platform Vector.fun is intended to expand asset coverage and deepen its participation in the Solana ecosystem.

On 11 December 2025, Coinbase announced a feature that will route trades for Solana tokens through on-chain DEX swaps within its main mobile app. From the week of 15 December 2025, selected users will be able to fund these trades with USDC or fiat and gain access to unlisted SPL tokens, while Coinbase keeps centralised KYC and AML checks in place. The company plans to extend availability globally as it completes regional compliance reviews and technical monitoring.

Bhutan has introduced TER, a physical gold-backed digital token issued via Gelephu Mindfulness City on the Solana blockchain, with custody provided by DK Bank, the country’s first licensed digital bank. Scheduled to launch on December 17, 2025, TER is intended to give global investors on-chain exposure to gold as part of Bhutan’s wider blockchain and economic strategy, according to Bhutan. The project seeks to combine the perceived stability of gold with the mobility and transparency of blockchain-based assets.

On December 10, 2025, the U.S. Office of the Comptroller of the Currency released preliminary findings from a review of debanking practices at nine major national banks. The agency said internal policies in place from 2020 to 2023 imposed inappropriate restrictions on lawful sectors, including digital-asset firms, according to the OCC. It added that supervisory investigations into the banks' practices are ongoing.

The U.S. Commodity Futures Trading Commission named the initial members of its new CEO Innovation Council, bringing together leaders from major exchanges and crypto firms to advise on derivatives market structure and digital assets. The group, assembled in two weeks, will focus on tokenization, crypto collateral, 24/7 trading, perpetual contracts, prediction markets and blockchain-based infrastructure, Acting Chairman Caroline Pham said.

From 2020 to 2023, nine major U.S. banks, including JPMorgan Chase and Bank of America, restricted services to crypto businesses, the Office of the Comptroller of the Currency said. The agency’s findings may be referred to the Department of Justice. Bitcoin was $90,296.49 with 58.58% dominance, per CoinMarketCap data updated December 11, 2025.

U.S. federal prosecutors have charged 26-year-old Canadian citizen Nathan Gauvin with running an alleged $42 million fraud scheme linked to Gray Digital Capital Management and its Gray Fund products. According to an indictment in the Eastern District of New York, he is accused of using Discord to promote misleading crypto and traditional finance investments, diverting investor funds for personal expenses, and securing more than $800,000 in credit by misrepresenting his finances. Authorities say much of the money raised did not go into legitimate investment activity and was instead used to repay earlier investors and cover luxury spending. The SEC has filed parallel civil charges and the FBI has asked additional potential victims to come forward.

State Street and Galaxy Asset Management plan to launch the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) on Solana in early 2026, offering institutional investors an onchain liquidity product, according to the firms. The fund will support subscriptions and redemptions in PYUSD stablecoin, target Qualified Purchasers, and has secured a roughly $200 million seed commitment from Ondo Finance. The product is structured as a multi-chain solution, with Stellar and Ethereum integration to follow. It is designed to simplify institutional cash and real-world asset management on public blockchains.