The U.S. Financial Stability Oversight Council (FSOC) has removed cryptocurrency from its 2025 systemic risk list, highlighting advancements in regulatory clarity and efforts to counter the financing of terrorism. The decision follows the enactment of the GENIUS Act in July 2025, which has contributed to stabilizing the stablecoin sector. Additionally, the approval of Bitcoin and Ethereum ETFs and the growth of tokenization indicate increased market maturity. Despite these developments, the Financial Stability Board (FSB) has cautioned that inconsistent global regulations, such as the EU's Markets in Crypto-Assets Regulation, could still present challenges to the sector's stability.