Elon Musk's social media platform, X, aims to launch a financial services arm in 2025, enabling users to make payments and investments directly within the app. X CEO Linda Yaccarino stated the platform, with around 611 million users, is set to create a commerce and financial ecosystem. In South Korea, the financial regulator is investigating transaction fees at local exchanges to reduce trading costs for users, as part of a pro-crypto agenda. The Financial Supervisory Commission plans to review the fee structures of crypto exchanges and assess if they are appropriate compared to foreign exchanges. In the US, President Donald Trump called for the swift passage of stablecoin legislation, emphasizing his desire to have the GENIUS Act on his desk as Congress approaches a month-long break. Despite delays in the House following concerns over conflicts of interest related to Trump's crypto businesses, the Senate passed the bill with a significant majority, highlighting the ongoing efforts to shape regulations around digital assets.

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