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CoinDesk's Most Influential 2025

CoinDesk presents our annual list of the most influential individuals in crypto this year.

CoinDesk's Most Influential 2025 - Blurred

Policy

Argentina’s Central Bank to Allow Banks to Provide Crypto Services in 2026

Argentina’s Central Bank is reportedly drafting new rules to allow banks to offer customers digital asset-related services as early as April 2026.

Flag of Argentina (Angelica Reyes/Unsplash/Modified by CoinDesk)

Finance

Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures

The platform aims to make locked Solana staking positions tradable via an onchain marketplace.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

Policy

Most Influential: Donald Trump

Without the turnaround of Donald Trump on crypto, the road toward a U.S. governmental embrace of the new technology would likely have been a steeper climb.

Donald Trump
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Policy

Most Influential: Rep. French Hill

Rep. French Hill's name may or may not end up on any of the final legislation that becomes crypto law in the U.S., but he was the one driving it forward.

French Hill

Policy

Most Influential: Ross Ulbricht

Silk Road founder Ross Ulbricht was pardoned by U.S. President Donald Trump — kicking off a wave of pardons among some of the crypto industry’s biggest names.

Ross Ulbricht

Policy

Most Influential: David Sacks

The White House AI and Crypto Czar was one of the first, and most prominent, Silicon Valley representatives to be named to a major role in Trump’s new administration.

David Sacks

Policy

Most Influential: Sen. Bill Hagerty

The Tennessee Republican sponsored the first piece of stablecoin legislation to become a U.S. law.

Bill Hagerty
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Finance

Tom Lee's BitMine Immersion Ramps Up Ether Acquisition, Adding $435M of ETH to Treasury

This was the firm's largest weekly haul in more than a month; the company also increased its cash holdings to $1 billion.

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

Tech

ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On

The company framed the move, happening in early 2026, as a planned sunset.

Sunset in San Salvador. Credit: Ricky Mejia, Unsplash

CoinDesk Indices

CoinDesk 20 Performance Update: Index Gains 3.3% as All Constituents Trade Higher

NEAR Protocol (NEAR) rose 6.5% and Aave (AAVE) jumped 6.4%, leading the index higher over the weekend.

CoinDesk

Markets

BlackRock Files for Staked Ethereum ETF

The iShares Ethereum Staking Trust marks a bold push into on-chain yield exposure, as the SEC's tone has shifted under new leadership.

The BlackRock company logo is seen outside of its NYC headquarters. (Photo by Michael M. Santiago/Getty Images)
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Markets

ONDO Token Gains as SEC Ends Investigation Into RWA Tokenization Platform

The agency closed a confidential investigation started in 2024 without any charges, according to Ondo Finance, as real-world asset tokenization momentum continues gaining momentum.

Securities and Exchange Commission logo (CoinDesk)

Markets

Wall Street Saw Ripple as 90% XRP — Offered $500M, but With Safety Net: Bloomberg

Multiple investors concluded that at least 90% of Ripple’s net asset value was tied to XRP, the closely-linked token that maintains distance from the company legally.

ripple

Markets

U.S. Spot XRP ETFs Hit 15-Day Inflow Streak, Near $1B Milestone

U.S. spot XRP ETFs approaching $1 billion are the most significant altcoin launch yet, validating a regulatory blueprint for all utility tokens and signaling Wall Street's post-lawsuit conviction.

XRP Logo

Markets

Strategy Bought Nearly $1B in Bitcoin Last Week as Saylor's Company Returns to Big Purchases

Last week's acquisition was mostly funded via the sale of common stock.

Michael Saylor
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