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Leithner sees the launch of a permanent CBDC as a key element of the EU’s digital agenda and as a crucial component of its financial strategy.
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In a policy paper published on Feb. 15, Leithner outlined a 10-step strategy to transform the EU’s Capital Markets Union (CMU) into a Savings and Investments Union (SIU), with a central bank digital currency (CBDC) at its core.
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TradeZella founder Umar Ashraf said he doesn’t believe that Trump, given his position, should have his own memecoin or even be promoting his own memecoin.
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“The majority of the supply is protected from a rug pull by someone who has a vested interest in the coin doing well,” he said.
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Crypto advocate Erik Thoughts said in a Jan. 18 X post that if Trump really owns 80% of the supply, it could make the TRUMP token one of the top three "safest coins" to hold.
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The shift reflects increasing onchain activity and the rise of alternative layer-1 networks such as Solana and Hyperliquid. Analysts expect the trend to continue, with USDC’s market capitalization potentially doubling this year.
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According to official AMF records, there are only three other companies that have received CASP authorization from the regulator, including Société Générale’s crypto subsidiary, Forge, which obtained the approval in 2023.
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BPCE’s Hexarq is one of a few crypto businesses that have been so far approved by French AMF.
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“With improving US regulatory clarity and the potential for Bitcoin to be recognized as a central bank reserve asset, 2025 could mark steep acceleration for institutional participation in crypto assets,” Martin Burgherr, Sygnum’s chief clients officer, said in a statement.
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Sygnum expects this dynamic to accelerate in 2025 as large institutional investors — including sovereign wealth funds, endowments, and pension funds — add Bitcoin allocations.
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The appointment shows the president-elect is rewarding the high-profile business leaders who supported his campaign, as Sacks has been a major Trump backer this year, hosting a fundraiser for the then-Republican candidate which raised $12 million.
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Sacks was an early executive of the payment giant PayPal and co-founded the business social network platform Yammer, which Microsoft bought for $1.2 billion in 2012. He’s now turned to investing, founding the venture capital firm Craft Ventures.
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Trump added that Sacks will also lead the Presidential Council of Advisors for Science and Technology.
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The role moves toward Trump making good on his campaign promise to make the US “the world capital of crypto,” which in turn garnered him millions in donations from crypto industry executives.
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“David O. Sacks will be the ‘White House A.I. & Crypto Czar,’ Trump wrote in a Dec. 6 post on his social media platform Truth Social. “He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.”
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Donald Trump has named former PayPal operating chief and now All In podcast host David Sacks as his lead policy adviser on artificial intelligence and crypto.
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However, the Lite PSM funds are allegedly controlled by an EOA, as claimed by the X user’s post on social media and the Sky forum page related to the lite PSM, raising accountability and security concerns.
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As part of the migration plan, Sky will transfer reserves from the older PSM to the lite PSM in three phases, with $20 million initially moved.
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The lite PSM is a mechanism designed to assist Sky in maintaining the peg of its stablecoin to the United States dollar by allowing users to swap the stablecoin for USDC at a fixed rate.
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After its recent rebrand to Sky and concerns surrounding the ability to implement a freeze function in the future, the risk of a breach or misuse of these EOA-managed funds could further impact the protocol’s reputation and user trust.
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