The European Banking Authority (EBA) published its final guidelines on reporting requirements under MiCA in order to close reporting gaps, enhance supervisory convergence, facilitate a common supervisory approach, and ensure a level playing field. The guidelines also include common templates and instructions that issuers should use to collect the data they need from the relevant crypto asset service providers (CASPs).

The Treasury Department’s Office of Foreign Assets Control (OFAC) announced that it has sanctioned two individuals and one entity for their involvement in a digital assets money laundering network in support of the North Korean government. Treasury stated in a press release that Lu Huaying and Zhang Jian, based in the UAE, worked through a UAE-based front company to facilitate money laundering and crypto conversion services that funneled the illicit proceeds back to Pyongyang. The sanctions are part of ongoing efforts to disrupt North Korea's money laundering operations.

At the Blockchain Association policy summit in Washington, D.C., SEC Commissioners Hester Peirce and Mark Uyeda, and CFTC Commissioner Summer Mersinger, told crypto industry participants that they will urge their agencies to collaborate more closely on providing regulatory relief and clarity in the new year. The commissioners stated that enforcement will not be their tool of choice to establish guardrails for the crypto industry going forward. Mersinger noted that enforcement will not go away entirely, but the focus will be on fraud.

Speaking at the Blockchain Association’s policy summit in Washington, D.C., incoming House Financial Services Committee Chair French Hill (R-AR) and incoming Senate Banking Committee Chair Tim Scott (R-SC) told attendees that they are optimistic both chambers can move legislation to codify rules of the road for the crypto industry next Congress. They highlighted the need to prioritize bills establishing a regulatory structure for stablecoins and digital asset markets, while also digging into allegations that bank regulators have unfairly targeted crypto businesses. Scott also stated that he plans to establish a digital assets subcommittee within the Senate Banking Committee.

Sens. Rand Paul (R-KY), Cynthia Lummis (R-WY), and Tim Scott (R-SC) met with incoming White House AI & Crypto Czar David Sacks. Lummis stated that, with Sacks as Crypto Czar, the incoming Trump Administration “will be the most pro-digital asset administration ever.” She added that she looks forward to working with Sacks to pass digital asset legislation and her proposed bill to establish a strategic BTC reserve. Additionally, Scott and Sacks reportedly discussed the need for a regulatory environment for digital assets in order to create jobs and promote economic growth.

Senate Banking Committee Chair Sherrod Brown (D-OH) scrapped plans to vote on SEC Commissioner Caroline Crenshaw’s renomination. An aide for Chair Brown stated that he was confident he had the votes to advance Crenshaw's nomination out of committee, but he ultimately did not see a path for the full Senate to advance it before the end of the year. Sen. Bill Hagerty (R-TN) praised Committee Republicans for blocking the attempt to install an “anti-crypto, climate activist at the SEC.” Crenshaw's renomination drew strong opposition from the crypto industry. Nonprofit advocacy group Stand with Crypto stated that 107,000 emails were sent to senators opposing her renomination over the last week.

The New York State Department of Financial Services (NYDFS) granted a BitLicense to Anchorage Digital, allowing the crypto platform to offer regulated crypto trading to New York-based clients and giving it the ability to custody and settle trades. Anchorage Digital said in a statement that the license will allow the company "to work with more New York-based institutions, including registered investment advisors (RIAs) and large institutional asset managers. The new approval means the most trusted brand in crypto can offer regulated crypto trading to NY Clients, and the ability to custody and settle trades through a clear-cut qualified custodian in the form of Anchorage Digital Bank N.A."

NFT platform CyberKongz announced that it has received a Wells notice from the SEC, with the agency stating that a token in tandem with a blockchain game cannot be issued without it first being registered as a security. CyberKongz said in a statement on X that the company has "been suffering in silence for the last two years, ever since we first received contact from the SEC. Throughout the entire process they have showcased a complete lack of understanding of blockchain technologies that has resulted in unjust accusations and information inaccuracies." The platform stated that it will "fight for a clearer regulatory pathway for digital assets on the blockchain."

Crypto.com CEO Kris Marszalek met with President-elect Trump at Mar-a-Lago to discuss appointments related to the crypto industry, Congress and the incoming administration, and a BTC reserve. A Crypto.com spokesperson said in a statement to Bloomberg that the company looks "forward to working with the new administration to develop and advance clear regulations for the crypto industry so the US can become a global leader in digital assets and innovation." Marszalek's visit comes after Coinbase CEO Brian Armstrong held a phone discussion with Trump last month.