Chambers Blockchain 2025 Global Practice Guide: Trends and Developments

This article was originally published in Chambers and Partners Global Practice Guide “Blockchain 2025.” Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the authors’ opinions only.

The U.S. has historically been a leader in technological innovation, but in recent years, digital asset businesses have faced significant regulatory obstacles. An adversarial approach by regulators placed the U.S. out of step with other global markets that have embraced clearer legal frameworks. However, in 2025, momentum is shifting. Bipartisan support in Congress, a pause in aggressive SEC enforcement, and new executive branch engagement signal a more constructive stance toward the industry. As key legislation advances and regulatory clarity improves, the U.S. is positioning itself to become a more welcoming environment for both digital native companies and traditional financial institutions engaging with digital assets.

Read our full analysis of the key trends shaping this sector in the Chambers & Partners Blockchain Global Practice Guide.