On December 19, 2025, the Federal Reserve launched a public consultation on a proposed 'payment account' model offering limited access to its payment services. The accounts would not earn interest or provide credit, and the Fed is considering overnight balance caps of the lesser of $500 million or 10% of assets. The comment period runs 45 days after Federal Register publication.

The Uniswap community is on track to approve the UNIfication proposal, which will burn 100 million UNI from the Uniswap Foundation treasury and activate fee switches on mainnet after a two-day timelock. Voting began on December 20 and is scheduled to end on December 25, with over 69 million UNI cast in favor and the token trading near $6.08 after a recent recovery from $4.88.

Poland’s Sejm has passed the Crypto-Asset Market Act for a second time, sending unchanged legislation previously vetoed by President Karol Nawrocki back into the parliamentary process and on to the Senate. The bill would align Poland with the EU’s MiCA rules, place crypto firms under KNF supervision, and introduce licensing, fines up to 10 million zlotys, and possible prison terms, which critics warn could make it one of the bloc’s most restrictive regimes.

In a statement on December 19, 2025, European Central Bank executive board member Piero Cipollone said the ECB will enable distributed ledger technology transactions to settle in central bank money starting in 2026. The central bank has largely completed technical work on a potential digital euro and moved into a readiness phase, while political debate intensifies over privacy safeguards and legislative approval. Lawmakers in the EU are now negotiating the legal framework amid concerns that wider anti-money laundering and data retention rules could challenge promised privacy protections.

Solana-based AI token AVA has dropped more than 96% from its all-time high after on-chain analysis indicated that roughly 40% of its supply was accumulated at launch by wallets linked to the deployer. The token, which debuted on Pump.fun on Nov. 13, 2024 and later reached a fully diluted valuation near $300 million, now trades around $0.01 despite ongoing development by backer Holoworld AI.

Metaplanet, a Tokyo-listed Bitcoin treasury firm, launched a Sponsored Level I ADR under the ticker $MPJPY, allowing U.S. investors to trade its equity in dollars. Trading on the U.S. OTC market begins December 19, 2025, with each ADR representing one ordinary share and no new shares issued. Deutsche Bank is depositary and MUFG Bank the custodian.

US lawmakers are evaluating a de minimis capital gains tax exemption for small crypto payments, with some discussions reportedly focusing on limiting the benefit to stablecoins. Bitcoin advocates warn that excluding Bitcoin from such relief would defeat the goal of enabling everyday transactions, while existing proposals in Congress suggest a $300 per-transaction threshold and a $5,000 annual cap on tax-free gains.

On December 18, 2025, SoFi Bank, N.A. introduced SoFiUSD, a fully reserved U.S. dollar stablecoin issued on a public, permissionless blockchain. The token is backed one-to-one by cash reserves held at the Federal Reserve and initially supports internal settlement, with plans to extend access to SoFi members and other financial institutions.

On December 18, 2025, Wu Blockchain highlighted steep post‑TGE losses across several projects launched via Kaito's community launchpad. Play AI, Hana Network, Novastro, and Bitdealer now trade far below their initial valuations, with FDVs near $2.1m, $10.5m, $1.05m, and $2.8m. CoinGecko also shows Kaito Capital Launchpad tokens at about $77.1m in combined market cap, down nearly 15% in 24 hours on roughly $38.3m volume.