CryptoVerse Chronicles: Episode 42 – Weekly Recap (June 9–15, 2025)
Vietnam Legalizes Crypto, PHPC and Stablecoins Surge, Lawmakers Act, and Web3 Keeps Moving
Introduction: A Landmark Week in Global Crypto
From historic policy changes in Vietnam to new regulatory progress in the U.S. and Philippines, the global crypto landscape is shifting fast. In this week’s edition, we break down what these changes mean for adoption, regulation, and the everyday user.
Vietnam Legalizes Crypto: Southeast Asia’s New Digital Powerhouse
On June 15, Vietnam passed a sweeping law legalizing and regulating crypto assets, setting out a clear framework for exchanges, digital asset companies, and user protections.
The government is aiming for leadership in blockchain and fintech by 2030, targeting digital inclusion for millions.
Already, over 20% of Vietnamese adults own or use crypto (Chainalysis), with the new law expected to spark a surge in innovation and investment.
Sources: Cointelegraph | CryptoNews AU
Philippines: PHPC Exits Sandbox, SEC Tightens Rules
The Philippines made major moves on stablecoins this week as Coins.ph announced PHPC, its Peso-backed stablecoin, has successfully exited regulatory “sandbox” testing and is now live for wider adoption.
PHPC aims to power low-fee remittances, e-commerce, and everyday payments, with strong compliance from the BSP and SEC.
At the same time, the Philippine SEC continues to clarify and tighten rules for crypto asset service providers and influencers, raising the standard for legitimacy in the industry.
Sources: BitPinas | FintechNews PH
U.S. Lawmakers Advance Key Crypto Bills
On the U.S. front, both the Senate and the House pushed major crypto legislation forward:
The GENIUS Act (stablecoin regulation) advanced with bipartisan support, with more than 60 amendments debated to create a workable federal framework.
Meanwhile, the House Financial Services Committee passed the Crypto Clarity Act, aiming to define clear rules for crypto asset trading and consumer protection.
These moves come as Coinbase CEO Brian Armstrong continues to call for urgent, unified regulation to keep the U.S. competitive as global capital flows to friendlier markets.
Sources:
GENIUS Act – Cointelegraph
Crypto Clarity Act – MSN
Big Tech Eyes Stablecoins: Amazon and Walmart’s Next Move
As the world’s biggest retailers work to cut costs and modernize payments, both Amazon and Walmart have begun exploring stablecoin payments and digital wallets.
This could introduce programmable rewards, instant settlement, and lower fees for millions of users.
Insiders predict a 2026 launch is possible if new U.S. rules pass this year.
KuCoin’s Regulated Exchange in Thailand Goes Live
KuCoin launched a fully licensed exchange in Thailand, adding regulated options for one of Asia’s fastest-growing crypto markets.
Thailand now has 7%+ adult crypto penetration and is positioning itself as a regulated, open hub for regional trading and DeFi.
Altcoins and Stablecoins: Usage Records & New Innovations
Stablecoins smashed records with $30+ trillion in global transactions this year. USDC’s launch on XRPL and PHPC’s rollout in the Philippines show rising global diversity.
Altcoins focusing on eco-friendly consensus and real-world use cases are making waves, challenging Bitcoin’s dominance with speed, interoperability, and new DeFi tools.
Conclusion: Global Crypto’s Big Shift
From Vietnam’s legalization to PHPC’s live launch, from new U.S. bills to Big Tech’s stablecoin plans, crypto is gaining regulatory clarity, real-world adoption, and mainstream momentum.
The industry is no longer waiting for the future; it’s building it, market by market.
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