Donald Trump's victory in the 2024 election marked a turning point for the crypto industry. As of March 2025, cryptocurrencies are considered legal in some form in 106 jurisdictions, representing more than half of the UN member states.
Trump's Impact on Cryptocurrency Regulation
During his campaign, Trump promised to take measures to boost the crypto industry. Among his actions, the dismissal of the SEC chairman, the end of the crackdown on cryptocurrencies, and the creation of a Cryptocurrency Advisory Council stand out. Additionally, he granted a full pardon to Ross Ulbricht and signed an executive order to establish a National Bitcoin Reserve. He even showed support for the sector by launching his own meme coin on the Solana blockchain.
Countries That Created Crypto Regulations in 2024
Several countries adopted new regulations in 2024, including Turkey, which amended its Capital Markets Law to regulate crypto asset service providers. In Bolivia, the central bank lifted the ban on cryptocurrency transactions imposed four years earlier.
Seychelles passed the Virtual Asset Service Providers Act, while Tanzania implemented a 3% tax on foreign crypto platform operators. In 2025, Kenya introduced a regulatory framework for virtual assets, while Armenia announced plans for its first regulation in the sector. Uruguay, for its part, established rules to supervise virtual asset service providers under the oversight of its central bank.
In Europe, the adoption of MiCAR spurred regulations in Hungary and Latvia, while in Asia, countries such as the Philippines, Indonesia, and Kazakhstan eased the process for crypto companies. India experienced a significant shift with the legalization of crypto exchanges.
Africa remains lagging in cryptocurrency regulation, with only nine countries having established regulations. However, Seychelles, Kenya, and Tanzania have implemented regulatory frameworks, and Morocco and Rwanda are expected to launch regulations in 2025.
Conclusion
The global regulatory landscape for cryptocurrencies continues to evolve rapidly. The adoption of laws in the United States could be a catalyst for other countries to promote regulatory frameworks in their own territories. In this context, regulatory clarity is key to fostering the growth of the sector.
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