China's Supreme People's Court is seeking to bolster its authority to combat financial and crypto-related crimes as part of Beijing's intensified crackdown on digital assets. The court aims to address insider trading and market manipulation, with a focus on new financial crimes in sectors like cryptocurrencies. This move follows a report by Chainalysis highlighting that Chinese-language money laundering networks processed 20% of illicit crypto funds over the past five years, totaling over $16 billion in 2025. The judiciary plans to establish comprehensive laws to enable stricter punishments for crypto and financial crimes, reducing reliance on legal precedents. Last year, Chinese courts handled over 2.7 million financial cases, including many related to cryptocurrencies, marking a 2% increase from 2024. The Supreme Court is working to unify judicial standards for crypto-related crimes, emphasizing the need for a robust financial system to support China's economic competitiveness. In parallel, reports of crypto scams are rising, with a recent case in Macau where a woman lost $163,000 to a fraudulent crypto trading app. The People's Bank of China continues to enforce bans on crypto trading and related illegal activities, reinforcing its zero-tolerance policy on cryptocurrency speculation.