On December 11, the U.S. SEC issued a No-Action Letter for DTCC’s Depository Trust Company, approving a three-year pilot to tokenize certain U.S. securities on selected blockchains. Under the program, scheduled to begin in the second half of 2026, DTC may mint and burn blockchain tokens representing security entitlements it already holds, using registered wallets and a permissioned setup. The initiative covers eligible assets such as leading index-tracking ETFs, U.S. Treasuries and Russell 1000 constituents, while requiring DTCC to file quarterly reports on participants, tokenized values and operational issues.

On December 11, members of the House Financial Services Committee sent a letter urging SEC Chair Paul Atkins to revise rules so Bitcoin and other digital assets can appear in 401(k) lineups. The push follows an August 2025 executive order directing agencies to broaden access to alternative investments and revisit accredited investor criteria.

Acting CFTC Chair Caroline Pham said on Thursday, December 11, the agency will withdraw its 2020 guidance on the "actual delivery" of digital assets. The move coincides with the launch of a CEO Innovation Council at the CFTC. It also follows recent clearances, including Gemini’s approval on Wednesday, December 10, to offer classic binary event contracts.

Coinbase plans to roll out prediction markets and tokenized equities on December 17, according to a person familiar with the matter. The offering will include tokenized stocks issued in-house, rather than through external partners, the person said. A company spokesperson declined to provide details and directed users to a December 17 livestream for further information. The launch is part of Coinbase's broader effort to bundle multiple markets on a single platform.

On December 12 2025, Pakistan's Minister of State for Crypto and Blockchain Bilal Bin Saqib reiterated that Bitcoin and digital assets should form the foundation of a new national financial system for the country's 240 million citizens. Speaking at the Bitcoin MENA Conference, he described digital assets and blockchain as critical infrastructure as Pakistan works to build a regulated crypto ecosystem, prepare a strategic Bitcoin reserve, and allocate 2,000 megawatts of power for mining and AI data centers. Under new federal rules, Pakistan is also inviting international firms to apply for licenses in its emerging digital asset framework, according to his remarks.

On December 11, 2025, Senate Banking Committee Chair Tim Scott said "real progress" is underway on a comprehensive crypto market-structure bill after meeting with U.S. bank CEOs. The effort would clarify oversight between the SEC and CFTC, while banking groups say the GENIUS Act addressing stablecoins has gaps. Senate committees are negotiating differences to advance a unified framework for exchanges, brokers, and token issuers.

On December 10, Norges Bank said it will not for now recommend launching a digital krone, arguing that Norway’s existing payment system already delivers secure, efficient and low‑cost transactions. After several years of trials on both retail and wholesale CBDC models, the bank concluded that the benefits remain uncertain and global standards are not yet ready. It left open the possibility of revisiting a CBDC if international developments or future payment needs change.

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.

In December 2025, the U.S. Commodity Futures Trading Commission unveiled the first roster for its CEO Innovation Council, bringing in executives from crypto firms and major exchanges to advise on changes in the derivatives market. The council, assembled over roughly two weeks, will focus on tokenization, 24/7 trading, perpetual contracts, prediction markets, and blockchain infrastructure. Its work is intended to align with broader federal efforts to develop more supportive digital asset policies, according to sources familiar with the matter.