The US stock market experienced significant transformations in 2025, driven by tighter trade policies, political divisions, and regulatory changes. The Nasdaq 100 and S&P 500 indices rose by 21.2% and 16.9%, respectively, reflecting a year of growth despite challenges. The year saw the dismantling of traditional rules in AI and cryptocurrency sectors, paving the way for new opportunities. Meanwhile, increased CFT measures impacted liquidity, particularly in crypto markets. Silicon Valley and crypto advocates intensified their lobbying efforts in Washington, while AI investment surged. As 2026 approaches, liquidity in crypto markets remains a critical area of focus.