As digital assets scale toward $4T by 2025, governments worldwide are racing to set the rules of the game. From Europe’s MiCA to the UAE’s VARA and the U.S. GENIUS Act, regulatory frameworks are shifting from fragmented oversight to comprehensive regimes. This report examines how policymakers are balancing consumer protection, innovation, and market integrity - and what these frameworks mean for the future of global finance.

As digital assets scale toward $4T by 2025, governments worldwide are racing to set the rules of the game. From Europe’s MiCA to the UAE’s VARA and the U.S. GENIUS Act, regulatory frameworks are shifting from fragmented oversight to comprehensive regimes. This report examines how policymakers are balancing consumer protection, innovation, and market integrity - and what these frameworks mean for the future of global finance.