New 2025 regulations are intensifying scrutiny on no-KYC cryptocurrency exchanges, compelling platforms such as Uniswap and PrimeXBT to adapt to increased compliance demands. The SEC and CFTC are enforcing stricter KYC rules, prompting some exchanges to revise their user verification processes. Analysts suggest this regulatory shift may lead to increased activity on regulated platforms, potentially impacting risk-on assets and liquidity dynamics.