The global crypto-asset market cap has increased from approximately $2.3 trillion on election day, November 5, 2024, to approximately $3.9 trillion today, some eight months later. That rise in demand has been accompanied by a dramatic change in how U.S. federal regulators approach crypto-assets. During the last administration, some financial institutions felt discouraged from offering crypto-asset products and services, which this administration emphatically reversed. Today, as a result of market growth, customer demand, and a more favorable regulatory environment, many financial institutions are exploring or launching crypto-related products and services.