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Global momentum towards clear crypto regulations continued to be built this week as several jurisdictions revealed plans to close, restructure or expand their digital asset policies.
Regulators in the US, Russia and Canada have shared updates that could affect their approach to cryptocurrency surveillance.
Sec roundtable for exploring custody and cryptographic regulations
The Securities and Exchange Commission (SEC) has announced the complete agenda and panel lineup for Crypto Roundtable, scheduled for April 25th.
The event marks a deeper institutional focus, focusing on crypto regulations, particularly on asset custody standards and investor protection.
The Round Table will be divided into two important sessions: “Cuth rights after broker-dealer” and “Cuth rights for investment advisors and investment companies.”
These topics address how cryptocurrency custodians are regulated under US securities laws.
Zach Zweihorn, partner at Davis Polk & Wardwell LLP, eases the debate.
The roundtable begins with comments from Richard Gabbart, Chief of Staff of the SEC’s Cryptographic Task Force, and senior SEC figures, including acting Chairman Mark Weda, Commissioner Caroline Crenshaw and Commissioner Hester Perth.
@secgov He held the second Crypto roundtable on Friday, and acting committee chair Mark Uyeda proposed temporary rules for blockchain trading while the long-term framework was being created.#cryptoregulation #SEChttps://t.co/lyczmphslw
– cryptonews.com (@cryptones) April 11, 2025
The discussion is expected to affect future SEC guidance on custody rules, particularly as crypto continues to blend with traditional finance through broker-dealer models and investment advisors.
Russia urged to build homemade stub coins
Senior Russian financial officials have called for the development of domestic stubcoins following the clampdown of the country-linked USDT wallet.
Russia should issue its own stubcoins after the USDT freezes its dependence on foreign assets, the top ministries of the Treasury said.#Russia #stablecoins https://t.co/cvzgwtnlxz
– cryptonews.com (@cryptones) April 17, 2025
This statement follows us based Stablecoin Issuer Tether, which has frozen several wallets related to Russian users, causing disruptions in digital payments across borders.
Osman Kabaloyev, deputy director of the Money Policy Division of the Russian Ministry of Finance, said the incident showed the risk of relying on foreign-issued tokens.
Speaking to reporters on Wednesday, Kabaloyev highlighted the need for Russia to maintain financial sovereignty and build its own stubcoin infrastructure to reduce external dependence.
The comments reflect Russia’s broader efforts to avoid Western sanctions through alternative financial channels, with stubcoin and central bank digital currency (CBDC) playing a key role in its strategy
This pivot towards sovereign digital tools could reshape the country’s approach to crypto regulation in the coming years.
Senate proposals add an environmental layer to crypto regulations
Meanwhile, environmental concerns surrounding cryptocurrency mining have prompted new legislative measures in the US Senate.
Senators Sheldon White House and John Fetterman introduced the 2025 Clean Cloud Act last week.
Democrats, Senators Sheldon Whitehouse and John Fetterman, drafted the bill to curb emissions from crypto mining and AI data centers.#bitcoinmining #aidataCenter #cryptomingbillhttps://t.co/jspwgieppe
– cryptonews.com (@cryptones) April 14, 2025
The proposed law will become a micromining facility that will continue to use non-renewable energy sources for more than 2035.
Additionally, facilities that consume more than 100 kilowatts of electricity are required to report energy usage, power sources and emissions data each year.
“There is a lack of transparency regarding the energy sources used to mine domestically and operate many data centers,” the bill states.
If passed, the bill would change the cost structure and operating model of US crypto mining companies, pushing them up to cleaner energy sources or abroad.
Canada is leading the Solana ETF
North of the border, Canada has approved North America’s first Solana Exchange Trade Fund (ETF) that incorporates staking.
Canada has approved North America’s first Solana ETF with staking support and is expected to open trading on April 16th.#solanaetf #Canada https://t.co/nbsss4fr71
– cryptonews.com (@cryptones) April 15, 2025
These ETFs include Staking functiona feature that allows investors to earn rewards by locking tokens and supporting blockchain operations.
The Ontario Securities Commission (OSC) has approved four issuers, the Objective Investment, Evolve ETF, CI Financial and 3IQ, to list Solana ETFs, and the like.
Funds hold physical solana (SOL), provide staking, making it an unusual blend of passive investment and participation in yield generation blockchains.
The decision could encourage additional crypto-based investment products in traditional markets and strengthen Canada’s aggressive stance on crypto surveillance.
As global surveillance grows, crypto regulations will be tightened
The idea that cryptography exists outside the system is becoming more difficult to defend. Canada’s ETF approval reflects financial normalization.
SEC custody shows that traditional regulators are no longer escaping digital assets. And in Russia, token infrastructure is treated as a national security issue.
The next chapter in Crypto will not be defined by innovation alone. This depends on who sets the rules, how they are implemented, and how the global approach to cryptographic regulation evolves from here.
Roundup of Post-Weekly Crypto Regulation News: SEC sets up a roundtable, Russian eye stub coin, and Canada approves the Solana ETF, which first appeared on Cryptonews.
