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Global crypto regulation tightens as exchanges expand futures and IPO plans

Global crypto regulation tightens as exchanges expand futures and IPO plans

Crypto News Round-Up — November 2025

The past day in crypto brought major regulatory and market developments around the world. U.S. and Japanese regulators signaled tougher rules for digital currencies, exchanges expanded their product offerings, and company leaders weighed in on market swings. Key stories include a U.S. Senate hearing on crypto oversight, a Japan regulator’s proposed rules, expanded crypto futures trading in Singapore, exchange IPO plans, and more.

U.S. Senate to question crypto regulator nominee

The U.S. Senate is preparing to scrutinize President Trump’s nominee for Commodity Futures Trading Commission (CFTC) chair, focusing on his views on cryptocurrency regulation and even election betting (Reuters). Lawmakers will question nominee Michael Selig on how he would approach digital assets oversight, such as whether the CFTC will assert jurisdiction over crypto derivatives alongside the SEC. The outcome could shape future U.S. policy on exchanges, derivatives and market stability in crypto (Reuters).

Why it matters:

  • Senate review signals how aggressively U.S. regulators may regulate crypto markets.
  • Answers from the nominee could determine regulatory clarity for derivatives and trading rules.

Japan’s FSA eyes new crypto insider-trading rules

According to reports, Japan’s Financial Services Agency is drafting stricter rules for cryptocurrencies, proposing that coins like Bitcoin and Ether be treated as financial products under insider-trading laws (Reuters). The plan, cited by the Asahi Shimbun newspaper, would classify major cryptocurrencies alongside stocks and other securities. If enacted, this would impose wide-reaching compliance requirements on exchanges and coin issuers in Japan, reflecting a global trend toward tighter oversight (Reuters).

Why it matters:

  • Marks a sharp regulatory tightening in a major crypto market, impacting exchanges and traders.
  • Aims to curb unlawful trading practices and boost investor confidence by aligning crypto with traditional finance.

Singapore Exchange to list Bitcoin/Ethereum futures

Singapore’s stock exchange (SGX) will add perpetual futures contracts for Bitcoin and Ether starting November 24 (Reuters). The SGX’s derivatives arm announced the move for institutional investors, expanding its offering of crypto-linked products. These new futures contracts provide a regulated venue for trading major cryptocurrencies, complementing existing crypto derivatives in Asia-Pacific markets (Reuters).

Why it matters:

  • Broadens institutional access to crypto, potentially increasing market liquidity and adoption.
  • Highlights growing mainstream demand for regulated crypto products in Asia.

Crypto exchange Kraken files for IPO

Kraken, one of the world’s largest cryptocurrency exchanges, has confidentially filed for a U.S. initial public offering targeting the first quarter of 2026 (Reuters). The move, reported by Reuters, would make it one of the first major exchanges to go public. The filing reflects a broader trend of crypto firms seeking traditional equity financing, as companies aim to capitalize on market momentum and investor interest (Reuters).

Why it matters:

  • A Kraken IPO would represent another bridge between crypto and mainstream finance, potentially increasing transparency and investor willingness.
  • Signals that mature crypto businesses are seeking stable capital sources, which could influence valuations and market confidence.

Binance CEO says Bitcoin volatility is normal

Binance CEO Richard Teng told Reuters that a recent 21.2% drop in Bitcoin’s price in November is “in line with” moves seen in other major asset classes (Reuters). He attributed the volatility to general investor deleveraging and risk-off sentiment, rather than any crypto-specific problem. Teng’s comments aim to reassure investors that such swings are typical and that market fundamentals remain sound (Reuters).

Why it matters:

  • Acknowledges short-term market stress while maintaining confidence that crypto is maturing alongside other assets.
  • Provides context for traders that large price swings can occur without signaling a crisis.

UK fraud office probes $28M crypto scheme

Britain’s Serious Fraud Office (SFO) announced an investigation into a collapsed $28 million cryptocurrency investment scheme known as Basis Markets (Reuters). Authorities arrested two individuals in connection with alleged fraud and money laundering after Basis Markets raised funds through NFT sales and promised a crypto hedge fund, only to be wound down in 2022. This marks one of the U.K. law enforcement’s first major actions against a crypto venture, underscoring regulatory scrutiny of suspect schemes (Reuters).

Why it matters:

  • Highlights the risks of unregulated crypto projects and emphasizes due diligence for investors.
  • Signals that authorities are actively pursuing fraud and money-laundering cases in the crypto space.

ECB flags stablecoins as a top banking risk

France’s Le Monde reports that the European Central Bank has identified stablecoins and other crypto-assets as emerging risks in its latest banking sector review (Le Monde). The 2025 ECB Supervisory Review and Evaluation Process noted stablecoins alongside geopolitical and technological factors among the key challenges for euro-area banks. The mention of stablecoins suggests European regulators will continue developing safeguards to address potential threats to financial stability (Le Monde).

Why it matters:

  • Shows that stablecoins and crypto assets are a priority for regulators in Europe, likely leading to stricter future rules.
  • Reinforces that even regulated banking systems must prepare for changes in the crypto ecosystem.

Note on volatility: Crypto markets remain highly volatile and unpredictable. This roundup is informational and not investment advice. Always do your own research (DYOR) and carefully assess risks before engaging with digital assets.

Bottom Line

Crypto continues to draw both opportunity and scrutiny. Recent developments show that regulators worldwide are tightening oversight, from the U.S. and Japan to Europe, even as exchanges expand offerings like futures and IPO filings. At the same time, market leaders emphasize that large price swings are to be expected. The bottom line is clear: while digital assets are gaining traction in finance, volatility and regulatory changes mean investors must stay informed and proceed with caution.

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