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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.

Updated Dec 8, 2025, 3:47 p.m. Published Dec 8, 2025, 3:00 p.m.
French Hill
(Nikhilesh De/Modified by CoinDesk)

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Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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CFTC Launches Digital Assets Pilot Allowing Bitcoin, Ether and USDC as Collateral

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Acting Chair Caroline Pham has unveiled a first-of-its-kind U.S. program to permit tokenized collateral in derivatives markets, citing "clear guardrails" for firms.

What to know:

  • The CFTC has launched a pilot program allowing BTC, ETH and USDC to be used as collateral in U.S. derivatives markets.
  • The program is aimed at approved futures commission merchants and includes strict custody, reporting and oversight requirements.
  • The agency also issued updated guidance for tokenized assets and withdrew outdated restrictions following the GENIUS Act.