Mentions of 'cryptocurrency' and 'stablecoins' in SEC filings hit record high in April

Mentions of the word "cryptocurrency" in SEC filings hit an all-time high of 786 in April, a 38% jump from 569 in March and an 8% increase year over year from 727 in April 2024. Between January 2024 and March 2025, the monthly average was 457.

The spike suggests that federal agencies are dedicating more attention and resources to digital assets, likely in anticipation of new frameworks or forthcoming guidance from the U.S. Securities and Exchange Commission. The hope is that increased regulatory engagement will lead to clearer, more consistent rules that support long-term industry growth and boost institutional confidence.

Mentions of "stablecoins" also surged in recent months. Between January 2024 and January 2025, SEC filings referenced the term an average of 48 times per month. But from February to April 2025, that figure more than doubled to an average of 103 monthly mentions, with 81 in February, 124 in March, and 104 in April.

The rise in stablecoin mentions reflects heightened regulatory interest in reserve standards and consumer protections. If formalized, these measures could help increase trust and expand both enterprise and retail adoption.

Altogether, crypto is evolving from a niche asset into a key component of corporate risk management and investor relations, reinforcing its growing legitimacy across institutional and regulatory sectors.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.