2025 Encryption Major Event Review: Trump Leads Market Trends, 10.11 Sets Epic Liquidation Record, Encryption Compliance Achieves Historic Breakthrough

On December 23, 2025, the cryptocurrency industry experienced unprecedented upheaval and turning points. From the pro-crypto policies at the beginning of Trump's presidency, the departure of SEC Chairman Gary Gensler, the signing of the GENIUS Act, and the continued popularity of Bitcoin ETFs, to the record-breaking single-day liquidation event on October 11, this year’s major events have been a rollercoaster ride. Trump—undoubtedly the most influential figure on the crypto market trajectory in 2025. The emergence of TRUMP coin marked the peak of FOMO in the market, while a series of tariff news triggered a big dump in the crypto market. However, the signing of an executive order allowing retirement accounts to invest in crypto reignited the rise of Bitcoin, setting a historic high. The regulatory environment shifted from strict enforcement to innovation-friendly, and the U.S. officially moved towards the vision of becoming the “crypto capital”; litigation resolutions and the influx of institutional funds, along with the establishment of stablecoin frameworks, have not only reshaped the global crypto landscape but also injected strong confidence into the industry. BlockBeats' “2025 Crypto Major Events Review” selected the most influential events of the year, documenting every key node from meme coin frenzy to regulatory easing. Looking back at 2025, we see the crypto space embarking on a comprehensive FOMO state; although the market gradually entered a “difficult” mode, it is also welcoming a more mature and compliant future.