UK authorities seized approximately 60,000 BTC linked to money laundering suspect Qian Zhimin by accessing encrypted wallets on his laptop, Caijing Magazine reported on Dec. 3. Police confiscated phones, computers, and USB drives during multiple searches, with one USB containing photographs of notebook pages that appeared removed before seizure. The photographed pages documented the black laptop's boot password and multiple seed phrases, including patterns such as "number + love" along with numerical hints, which enabled the cryptocurrency recovery.

Foundation company registrations in the Cayman Islands rose 70% year-over-year, surpassing 1,300 by end-2024 and adding over 400 in the first five months of 2025, Cointelegraph reports. Cayman foundations have become the primary legal structure for DAOs to hold treasuries, manage IP, and handle compliance, with at least 17 foundations holding treasuries exceeding $100 million. The OECD CARF reporting framework takes effect in 2026 and will standardize automatic information exchange to address tax avoidance in crypto transactions. The Cayman Islands will require crypto service providers engaged in trading and custody to conduct due diligence and reporting, though protocol treasuries and passive foundations holding assets are expected to fall outside mandatory disclosure requirements.

The Property (Digital Assets etc) Bill received Royal Assent from King Charles III on December 3 and became law in the United Kingdom, House of Lords member John McFall said. The legislation formally recognizes digital assets including cryptocurrencies and stablecoins as property under UK law. The bill codifies principles previously established through common law judicial precedents and implements recommendations from the Law Commission of England and Wales in 2024, which proposed classifying crypto assets as a distinct category of personal property rights. Freddie New, policy director at Bitcoin Policy UK, described the law as "a significant positive development for Bitcoin holders and users across the UK."

The U.S. November ADP employment report is scheduled for release at 21:15 local time on December 3, Jin10 reports. With official nonfarm payroll data and inflation figures unavailable ahead of the Federal Reserve's policy meeting next week, the ADP report may serve as the Fed's sole reference for labor market conditions. Market participants should anticipate potential volatility surrounding the data release.

South Korea is set to require stablecoin issuers to be consortiums with at least 51% bank ownership, News1 reported on Dec. 3. The proposal, part of the government and National Assembly's second-phase Digital Asset Basic Act, has gained backing from the Democratic Party's digital asset task force. The framework reflects a compromise between the Bank of Korea's preference for bank-only issuance and lawmakers' calls to include fintech and blockchain firms, with the government draft due Dec. 10 and legislative completion targeted for January.

President Donald Trump said Kevin Hassett could be his choice for Federal Reserve Chair, telling a Cabinet meeting on Dec. 2 he may announce the decision in early 2025 after reviewing 10 candidates, BlockBeats reports. Treasury Secretary Bessent does not seek the role, Trump noted. Trump renewed criticism of Chair Jerome Powell, citing JPMorgan Chase CEO Jamie Dimon's view that the Fed should lower interest rates.

Deutsche Bank analyst Antje Praefcke said on Dec. 2 that the U.S. dollar could face downward pressure if the next Federal Reserve chair cuts rates in response to President Trump's calls amid elevated inflation, Jin10 reports. Praefcke noted that Kevin Hassett, expected to be nominated as Director of the White House National Economic Council and viewed as a close Trump ally, increases the likelihood of Fed rate cuts. She stated that while this scenario has not materialized, "market expectations alone that the Fed might adopt a more dovish stance on inflation are sufficient to pressure the dollar."

The U.S. Securities and Exchange Commission will introduce a crypto 'innovation exemption' in January, SEC Chair Paul Atkins said on Dec. 2. Atkins said the commission plans to modify rules to reduce litigation and support initial public offerings. The announcement signals a potential shift in the SEC's regulatory approach toward digital assets under the new leadership.