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Top EU Official Calls for Global Crypto Agreement
Europe and the U.S. should work together to limit "significant risks" to investors and the environment, Mairead McGuinness said.
Updated May 11, 2023, 6:31 p.m. Published May 2, 2022, 2:33 p.m.
The European Union's financial services commissioner, Mairead McGuinness, has called for a new "global agreement on crypto" to protect investors and limit the environmental impact of bitcoin (BTC) mining.
- McGuinness, the EU's most senior financial-services official, said she wanted to ensure "no product remains unregulated," and warned of risks like sanctions evasion and financial instability, writing in The Hill.
- The EU is in the closing stages of passing new laws to regulate cryptocurrencies, including the Markets in Crypto Assets Regulation (MiCA), and recently came close to heavily restricting the energy-intensive proof of work technology that underpins bitcoin.
- Finance ministers from major jurisdictions warned of the risk of a regulatory gap back in February.
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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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