On January 10, 2025, the UK Treasury announced a regulatory update exempting crypto staking from collective investment scheme (CIS) rules. This decision means that staking for proof-of-stake blockchains, including Ethereum and Solana, will not be classified as a CIS, thereby relieving it from Financial Conduct Authority (FCA) paperwork, taxes, and fees. The move is part of a broader regulatory approach aimed at fostering innovation within the cryptocurrency sector. Additionally, Gemini has settled a case with the Commodity Futures Trading Commission (CFTC) for $5 million over claims related to Bitcoin futures pricing from 2017, avoiding a trial. Standard Chartered has also secured a European Union crypto license under the Markets in Crypto-Assets (MiCA) regulation and appointed Laurent Marochini as CEO.