The White House’s crypto czar and Crypto Council are driving a market-shifting overhaul, with top officials coordinating and imminent moves set to redefine digital asset regulation.
Crypto Czar David Sacks Signals a Market-Altering Crypto Overhaul
David Sacks, the White House’s crypto czar, provided an update on digital asset coordination in Washington via social media platform X on Feb. 14. He stated:
The inter-agency Working Group on Digital Assets is working well together to implement the President’s agenda.
Praising the efforts of Bo Hines, the executive director of the group, Sacks described: “Bo Hines is doing a fantastic job as Executive Director keeping everyone coordinated.” He added that “some important announcements are coming soon.”
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Tether Intends to Broaden Crypto Adoption in Sports
Tether has announced its acquisition of a minority stake in Juventus Football Club, one of Europe’s most successful football teams. This move is part of Tether Investments’ long-term strategy, which extends beyond stablecoins into artificial intelligence (AI), bitcoin mining, biotech, and now sports franchises.
With USDT leading the global stablecoin market at $140 billion in market capitalization and 400 million users, Tether is positioning itself at the intersection of blockchain and professional sports. The company aims to leverage its digital assets, payment solutions, and AI expertise to create new opportunities in the sports industry
the Lazarus Group injected harmful Javascript into Github projects under the pseudonym “Successfriend,” while subverting NPM tools relied on by blockchain engineers. Codenamed “Operation Marstech Mayhem,” the initiative exploits weaknesses in software supply chains to disseminate the Marstech1 malware, designed to infiltrate wallets such as Metamask, Exodus, and Atomic. #atomicwallet #MetaMask #exoduswallet
Tether, the largest company in the digital assets industry, announced a strategic investment in Zengo Wallet, a keyless yet self-custodial crypto wallet. Since its launch in 2019, Zengo has served over 1.5 million users without a single wallet being compromised, thanks to its innovative approach that eliminates traditional seed phrase vulnerabilities. The partnership will enhance Zengo’s blockchain-agnostic capabilities, enabling seamless support for Tether’s stablecoins across major blockchain ecosystems. The investment will also bolster Zengo Pro, a premium offering designed to enhance user experience with features like theft protection and real-time assistance. By integrating advanced technology and fostering broader adoption of USDT, Tether aims to strengthen its position as the world’s most widely used stablecoin.
Stablecoin issuer Tether announced Jan. 30 that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network. The company said the integration combines Bitcoin’s “unmatched” decentralization and security with the Lightning Network’s scalability and speed.
According to a statement, the USDT integration, developed by Lightning Labs, is supported by a new Taproot-powered protocol and Taproot Assets. The statement added that when fully integrated, the stablecoin will operate on the base layer and its layer-two (L2) Lightning Network.
In a significant development for the crypto industry, a federal judge has ruled in favor of Ripple Labs, stating that its digital asset, XRP, is not itself a security in secondary market transactions. $XRP $USDC
The Nasdaq Stock Market LLC has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Coinshares XRP ETF under Nasdaq Rule 5711(d). The exchange-traded fund (ETF) is structured as a Delaware Statutory Trust and is designed to offer investors exposure to XRP without requiring direct ownership or custody of the asset. According to the filing: