In the public record, 2025 looks like a collapse in US whistleblower award messaging: the US SEC’s own newsroom tag shows 7 award-related items in 2023, 5 in 2024, and just 1 in 2025; the CFTC’s whistleblower news feed shows only one 2025 award post. In an era of open banking + crypto rails, that’s a regulatory red flag.