According to the source, in a Dec 10, 2025 announcement, Bitcoin exchange Paxful agreed to plead guilty and will pay $7.5 million in penalties, as reported in the linked update (source: the source). The source identifies Paxful as a BTC on-ramp, making this enforcement action relevant for peer-to-peer liquidity and potential venue shifts (source: the source). Based on the enforcement development reported by the source, traders can monitor BTC spot volumes, exchange inflows/outflows, funding rates, and P2P spreads for short-term dislocations following the Paxful headline (basis: the source). Position risk can be adjusted by tightening stops around volatility spikes that often follow enforcement news tied to BTC on-ramps, with this guidance anchored to the source-reported action (basis: the source).