📉 In the USA, the Securities and Exchange Commission (SEC) set a record for fines, collecting $8.2 billion in 2024, thanks to the case against Terraform Labs and its former CEO Do Kwon. Without this case, the amount would have been the lowest since 2013.
- In Australia, discussions are underway about implementing reporting frameworks for crypto assets from the OECD for tax purposes.
- A judge in Shanghai has recognized cryptocurrency as a commodity, legal for ownership, but not for commercial transactions.
- Tornado Cash developer Alexey Pertsev remains in custody despite protests.