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@tubalangchoi

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Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’

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We’ve also seen the introduction of stricter rules for trading venues, which mirror the traditional finance rules, seeking to increase orderliness to the markets and enhance consumer protections.

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President Trump’s executive order led to the creation of the President’s Working Group on Digital Asset Markets within the National Economic Council. This group is responsible for reviewing existing regulations and proposing clearer guidelines for the digital asset sector.

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XRP is currently the best-performing crypto of the top 10 and is now just $12 billion apart from flipping Tether (USDT) to climb to the third spot among the most valuable cryptocurrencies in the market.

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This week, Trump named Paul Atkins, a seasoned financial regulator and crypto advocate, to head the SEC. Explaining his choice, Trump called Atkins a “proven leader for commonsense regulations” and praised his stance against overregulating markets.

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The working group is tasked with crafting a federal regulatory framework specifically for digital assets like stablecoins, which will involve detailed considerations on how these assets are issued and operated within the U.S.

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BR: Phygital is a space we’re eager to expand in 2025. We’ve seen how marrying physical and digital collectibles ignites fan excitement, so you can expect more of that fusion going forward.

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The Trump executive order is very positive towards crypto, the statement that Trump wants the U.S. to be a leader in the crypto industry,” Quigley added. These changes are expected to create a more predictable regulatory environment, reducing uncertainty and supporting market stability.

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Thai authorities also apprehended two Chinese nationals involved in a crypto scam in March. Police arrested Wu Di, 27, during a raid at a luxury villa in Pattaya. The suspect, along with her accomplice Zhou Zongyon, 29, are linked to scams that allegedly defrauded victims of over 600 million baht ($17.7 million).

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Back in September 2024, Carter warned that Ethereum’s fee revenue had plummeted by 99% over six months as L2s captured user activity and revenue without contributing to Ethereum’s base layer.

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The successful completion of comprehensive Smart Contract Audits verified that the system processes transactions securely while protecting merchant funds. The platform earned industry recognition by winning the “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23, which validates its practical approach to solving merchant payment challenges.

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