State of Crypto: Policymakers Dominated Most Influential 2025

CoinDesk's annual 'Most Influential' list for 2025 heavily features policymakers, indicating their dominant role in shaping the crypto industry and discourse over the past year. U.S. President Donald Trump is recognized as having the largest effect, influencing legislation through executive orders and generating associated profits through affiliated crypto businesses. The industry faces a new narrative challenge: crypto being used by powerful political figures for profit, contrasting with previous arguments against crypto related to money laundering. Meanwhile, legislative progress on market structure legislation remains uncertain, with sticking points including financial stability, market integrity, and ethics provisions implicitly targeting the Trump family's crypto interests. Despite ongoing negotiations between the White House, Congress, and industry stakeholders, time is running out in the 2025 calendar for major advancements, though Senate committees are rumored to hold crucial markup hearings soon.

(Source：CoinDesk)