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🇺🇸 UNVEILED: SEC’s @HesterPeirce launches Crypto Task Force with experts like Richard Gabbert to guide digital assets! 💳 Roundtables begin March 21 to shape rules under Trump’s vision. Change ahead? 🌐 Dive in 👉🏻

Aya Miyaguchi, executive director of the Ethereum Foundation since 2018, stepped up to the role of president, promising to boost institutional relationships and expand Ethereum’s use. “This new opportunity”, wrote Miyaguchi, “will allow me to continue supporting EF’s institutional relationships and to expand the reach of our vision and culture more broadly”. Miyaguchi spent 10 years as a high school teacher before joining the crypto exchange Kraken, where she became managing director of the Japanese office. She later became executive director of the Ethereum Foundation (EF) in 2018. During her stay at EF, Miyaguchi helped the crypto transition to proof-of-stake, prioritised decentralisation, and promoted her concept of “subtraction,” which means a more hands-off approach to allowing developers more freedom. In 2022, Under Miyaguchi, Ethereum transitioned to proof-of-stake, reducing its carbon footprint by 99%. Miyaguchi further focused on layer 2 technologies, expanding the coin’s scaling capabilities. Vitalik Buterin, Ethereum co-founder, supports Miyaguchi and claims she creates an environment conducive to innovations. “As I see it, the role of an ED is to create an environment where others can shine and do their best work, and so every success of the EF – the steady execution of Ethereum hard forks, client interop workshops, Devcon, Ethereum’s culture and steadfast commitment to its mission and values, and more – is in part a result of Aya’s stewardship”. However, some Ethereum community members oppose Miyaguchi, claiming that she is not an effective leader and does not attract new developers to the project, losing talent to rival coins like Solana. Some even blame Miyaguchi for the lagging Ethereum price, even though she has only just become president. Others welcome a leadership change because a new direction may help the project rebound. A restructuring of the EF may also help address issues related to the treasury and the spending of funds on new projects. The Ethereum faction that calls for Miyaguchi’s resignation also wants Danny Ryan to replace her. Ryan is an Ethereum researcher and developer. Although, despite being a developer, Ryan may lack Miyaguchi’s leadership skills, having technical skills but possibly lacking in management skills, a common issue with developer leaders, focusing too much on the trees and not focusing on the larger forest (i.e. big picture, company vision, business scaling). There have also been toxic attacks on Miyaguchi, prompting Buterin to condemn these actions and to remind the community that he still has a lot of say regarding the foundation’s decisions. Miyaguchi has further claimed that the move to place her as President fits in with the Ethereum Foundation’s broader strategy, which includes other issues concerning sustainability and a long-term vision for the project. One of those issues, as highlighted by Miyaguchi, involves the project’s decentralized design, which separates the foundation from other projects with special interests. “We must avoid evolving like a traditional corporation”, wrote Miyaguchi, “because our goal isn’t for EF to ‘win’-it is for Ethereum to win over the long term while staying true to its core values. Ethereum doesn’t grow like a machine; it grows like a garden, strengthened by its biodiversity”. Miyaguchi further references Stewart Brand’s “pace layering” framework to explain Ethereum’s different levels of growth and sustainability. From this perspective, cryptocurrency makes a lot of sense when applied to real-world problems like poverty, access to banking, pollution, and financial security. Like a garden providing relief from an urban environment, cryptocurrency offers relief from corrupt governments. Several controversies within the Ethereum Foundation have negatively affected mainstream adoption. One such prominent case was when EF researchers Justin Drake and Dankrad Feist took paid for advisory roles from the EigenLayer Foundation. Such conflicts of interest have angered community members. A lack of transparency regarding funds has exacerbated the problem. Buterin has stepped in to provide interim leadership until someone can be found to manage the EF treasury properly.

Cryptocurrency networks like Litecoin, Cosmos, Filecoin, and Algorand adapt blockchain technology to meet modern demands. Litecoin delivers swift payments with its 2.5-minute block time and low fees, appealing to merchants by Charlie Lee. Meanwhile, Cosmos tackles a pressing issue in the crypto world by enabling blockchains to connect through its Inter Blockchain Communication protocol. Current price: $117.03 Market cap:$8.84B Litecoin enhances Bitcoin’s framework with faster block generation times and a more efficient Scrypt hashing Procedure. Designed for speed and low cost transactions, Litecoin is widely favored by merchants for micro payments, payment, and point of sale transactions. With secure, decentralized processing and high fluidness, it remains a trusted digital asset for users and investors alike. Over the years, Litecoin strong market presence, active development, and growing adoption have cemented its position as a top cryptocurrency, making it a go to choice for seamless digital payments. Current price: $4.57 Market cap:$1.78B Cosmos stands out with its creative focus on teamwork, perfectly linking isolated blockchains to share data, assets, and transactions. Powered by the Inter Blockchain Communication agreement, Cosmos reduces division across the crypto habitat, enabling smoother cross chain reaction. Its sentimental consensus mechanism ensures security, scalability, and energy efficiency, making it an attractive choice for developers building unified decentralized applications. With a growing habitat and a vision of an open, borderless blockchain network, Cosmos is redefining how blockchains communicate and collaborate. Current price: $3.33 Market cap:$2.13B Filecoin, after raising $205 million, offers a decentralized way to store critical data. Built on the Interplanetary File System, it rewards users with FIL tokens for providing storage space. The network relies on proof of replication and proof-of-spacetime for security. Current price: $0.2718 Market cap:$2.3B Algorand supports a wide range of applications with its secure, and energy efficient blockchain design. Developers and enterprises value its lightning fast transaction speeds, low fees, and reliable performance for real world uses, from decentralized finance to digital identity and governance. The network self help shape, powered by a pure proof-of-stake accord device, ensures seamless operation without centralized control. With its commitment to innovation and sustainability, Algorand continues to drive blockchain adoption across industries. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

David Sacks, recently appointed by Donald Trump as “crypto czar and artificial intelligence czar“, confirmed that he sold all his crypto assets before taking office. This decision is aimed at avoiding any conflict of interest as he is about to play a key role in American technological regulation. David Sacks recently confirmed that he liquidated all of his cryptocurrency holdings before the administration began. In a message posted on March 2 on X, Sacks stated: “I sold all my cryptocurrencies (including BTC, ETH, and SOL) before the administration began.” This decision aims to avoid any potential conflict of interest in his new governmental roles. As the “crypto czar“, Sacks is tasked with guiding government policies with his shocking vision , in order to maintain American competitiveness. Before his appointment, David Sacks was an active investor in the crypto sector. His investment fund, Craft Ventures, invested in companies such as Bitwise Asset Management and the cryptocurrency custodian BitGo. However, according to a source close to the matter, Sacks and his company sold their direct holdings in cryptocurrencies shortly after Trump’s inauguration. Sacks’ decision to divest from his cryptocurrency holdings before taking office reflects a desire for transparency and integrity in carrying out his new responsibilities. This approach aims to ensure that the policies he proposes will be perceived as impartial and focused on the public interest, without influence from his past personal investments. Especially since Donald Trump just announced a crypto reserve in the United States. Indeed, on March 2, 2025, Trump announced the creation of a “Strategic Cryptocurrency Reserve” including XRP, SOL, ADA, Bitcoin, and Ethereum, aimed at strengthening the crypto industry in the United States after the “corrupt attacks” of the previous administration. This decision sparked market enthusiasm, causing prices to soar. David Sacks’ appointment combined with his decision to sell his crypto holdings highlights the Trump administration’s commitment to promoting technological innovation while maintaining high standards of ethics and transparency. Especially since Sacks recently announced the end of restrictions in the United States.

Trump to Host Crypto Summit to Hash Out Crypto Regulations Come 7 March, President Donald Trump will play host to the first-ever White House Crypto Summit, connecting industry leaders, investors, and members of the President’s Working Group on Digital Assets. The event will be led by White House AI & Crypto Czar David Sacks and Bo Hines, the executive director of the working group, with Trump delivering remarks at the inaugural gathering. Sacks, a South African-American venture capitalist, was appointed to the newly created AI & Crypto Czar position in December, signalling the administration’s commitment to the sector. Since taking office, he has prioritised key initiatives, including evaluating a US Bitcoin strategic reserve, developing a stablecoin regulatory framework, and pushing for updated SEC guidelines that favour crypto innovation. President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt — David Sacks (@davidsacks47) March 1, 2025 The release said: "Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President's Working Group on Digital Assets." The White House has not disclosed the full list of summit attendees but emphasized in a press release that the administration is focused on establishing clear regulations while fostering innovation and economic freedom. The summit follows Sacks’ recent public remarks alongside congressional leaders, marking his first major address as Trump's crypto policy chief. He noted at press conference: "We want to keep that innovation onshore in the US. Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries." Current Administration Takes Jab at Former Administration The administration also condemned its predecessor for what it described as the unjust targeting and prosecution of the digital asset industry. The press release stated: "After the previous administration unfairly prosecuted the digital asset space, President Trump's policy vision represents a new era for digital financial technology. The administration is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty." Crypto Summit News Leaves Bitcoin Maxis Unimpressed Reactions to the summit were mixed within the crypto community, with some still recalling the high-profile ‘Crypto Ball’ in Washington, D.C., held before the inauguration. That event coincided with the launch of Trump’s meme coin, which briefly surged to a $14.5 billion market cap before plummeting by two-thirds, leaving many small traders at a loss. Longtime Bitcoin holder and Austrian economist Carl Menger voiced his frustration. Fuck them Crypto. Disgusting Shitcoin show. — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) March 1, 2025 Meanwhile, the Bitcoin Therapist championed Bitcoin as the preferred alternative. Just say Bitcoin, it’s honest and more transparent. 99% of crypto are online gambling tokens with no purpose or utility. — The ₿itcoin Therapist (@TheBTCTherapist) March 1, 2025 Others, however, simply urged the president to avoid launching another meme coin. Ultimate Goal to Propel America to be the Global Leader in Crypto In a late Friday statement, the White House reaffirmed Trump’s commitment to becoming “America’s first crypto president” by establishing a clear regulatory framework that fosters innovation while protecting economic liberty. The administration criticised its predecessor for what it called unfair prosecutions of the digital asset industry and pledged to end regulatory uncertainty. The announcement follows Trump’s executive order creating an internal working group, chaired by Sacks, to position the US as a global leader in crypto. The group will focus on regulating a national crypto stockpile and developing a stablecoin framework. The order also repeals a directive from former President Joe Biden that sought to establish its own crypto regulations and explicitly bans the creation of a US central bank digital currency (CBDC). Will this summit finally bring long-awaited regulatory clarity, or will key questions remain unanswered?