Regulation
Will Federal Reserve Interest Rate Remain Unchanged This Year?
The second day of the January US FOMC meeting is underway today, after which the Federal Reserve will announce its interest rate decision. This will be the first Federal Reserve interest rate announcement since Donald Trump took office and is significant, especially considering the impact it has on the crypto market.
US FOMC Meeting Today: Will The Fed Announce An Interest Rate Cut
All eyes are on the US FOMC meeting today as the Fed will announce its interest rate cut decision following its 2-day meeting, which began yesterday. CME FedWatch data shows that there is a 99.5% probability of the Federal Reserve keeping rates unchanged at the current rate of 4.25% to 4.5%.
Since the December FOMC meeting, traders have been betting on the likelihood of the Fed keeping rates unchanged at this January meeting despite the fact that the US Central Bank announced a 25 basis point cut at that meeting, which marked the third consecutive cut in 2024.
This sentiment from traders came following Jerome Powell’s speech, in which he suggested that the Fed was hawkish despite the interest rate cut. Since then, macro data have also strengthened the case for rates remaining unchanged.
CoinGape recently reported that the December US CPI report showed that inflation jumped to 2.9%, as expected. Although in line with expectations, this highlighted the inflationary pressure in the country, a development that could make the Central Bank skeptical about cutting rates.
The US PPI data provided some optimism as it showed the inflation rate at 3.3%, lower than expected. However, it is worth mentioning the strong US job data that came in at the start of the year, which suggested that there was no need for the Fed to cut rates over concerns in the labor market.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Investors have their eyes glued to March 7 as a key date that could send the markets on a bigger rally or trigger new bearish sentiments. Several high-profile events and announcements with seismic impact on Bitcoin prices are scheduled for March 7 with the pendulum capable of swinging in any direction.
Key Employment Data And Crypto Summit On The Same Day
On March 7, the US Bureau of Labor Statistics (BLS) will release key employment data to the public to ascertain the strength of the economy. Market participants are bracing for the release of non-farm payroll (NFP) and unemployment rate data, capable of sending the markets into a frenzy.
Strong NFP data suggesting rising wages and low unemployment rates may reduce speculative interest in Bitcoin. Conversely, high unemployment and job losses may see crypto prices spike as investors ditch traditional assets.
Apart from the highly anticipated data, Federal Reserve Chair Jerome Powell is expected to give a speech. Sources say Powell’s speech will revolve around near-interest rate cuts as investors brace for impact.
Finally, on March 7, leading ecosystem players will attend the first-ever White House Crypto Summit. The event will be the first in a series of summits designed to shape crypto policy in the US.
While the Crypto Summit is expected to trigger positive sentiments, pundits expect the event to prop BTC’s march to $150K.
The Rest Of March Will Be Eventful For Bitcoin Prices
While investors look to March 7, the month is littered with events that will have an impact on crypto prices. On March 6, the CFTC will host its CEO forum with stablecoins in the futures market at the fore.
The House Committee on Banking will markup a stablecoin bill at a tentative date in March. Ahead of the markup, US lawmakers have launched a bipartisan crypto caucus to collaborate on digital asset policies.
Following the SEC dismissals of Kraken’s case, the Commission is expected to hold a crypto industry roundtable in March. There is also speculation a nomination hearing date for Paul Atkins as SEC Chair will be mooted in March.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A new Congressional Crypto Caucus has been established in the U.S. House of Representatives, bringing together lawmakers from both parties to support digital asset policies. House Majority Whip Tom Emmer, a Republican, and Representative Ritchie Torres, a Democrat, are leading the initiative to create a unified voting bloc for crypto-related legislation.
Congress Forms a Bipartisan Crypto Caucus
According to a recent Fox News report, lawmakers in the U.S. Congress have introduced the Crypto Caucus to mobilize support for digital asset laws. The caucus is designed to function as a voting bloc, separate from the existing Congressional Blockchain Caucus, which was founded in 2017. The primary objective is to advance cryptocurrency-friendly policies and ensure regulatory clarity for the industry.
The caucus was formed in response to voter demand for stronger digital asset policies. Millions of Americans cast ballots for candidates prioritizing blockchain technology and crypto-related innovation. Emmer stated that the group will work to maintain the United States as a leader in digital asset development and financial technology.
Additionally, according to Fox News reporter, Eleanor Terrett, Torres said,
“The Congressional Crypto Caucus will be a driving force in advancing policies that foster innovation, protect consumers, and ensure that cutting-edge technology can thrive in the United States.”
Lawmakers Aim to Pass Stablecoin Bills by April
More so, President Donald Trump has directed lawmakers to implement a clear regulatory framework for the digital asset industry. In response, legislators are pushing to finalize stablecoin and market structure bills. Two stablecoin-related bills are already under consideration in the House of Representatives, with industry stakeholders providing input on their provisions.
In the Senate, Republican lawmakers are preparing for a markup session on the GENIUS Act, a stablecoin bill sponsored by Senator Bill Hagerty of Tennessee. The Senate Banking Committee, led by Senator Tim Scott, aims to pass both the stablecoin and market structure bills in time for the President Donald Trump to sign by April.
The Crypto Caucus is expected to play a role in securing bipartisan support for cryptocurrency regulations. While the House works on its legislation, the Senate Banking Committee is advancing efforts to establish stablecoin rules. The GENIUS Act, which focuses on regulatory guidelines for stablecoins, could move forward as early as next week.
Chairman Tim Scott emphasized the urgency of passing crypto-related laws, stating that lawmakers are working to ensure digital assets operate within a clear legal framework.
U.S. Leadership in Blockchain Innovation
The Crypto Caucus seeks to ensure that digital asset policies foster innovation while protecting consumers. Emmer and Torres highlighted that the group will work to create a stable regulatory environment. This will encourage blockchain technology development in the United States.
Torres described the caucus as a nonpartisan coalition committed to advancing digital asset policies.
Most recently, CryptoQuant CEO Ki Young Ju analyzed President Donald Trump’s approach to cryptocurrency, describing it as a strategic move to strengthen U.S. dominance in global markets. Ju pointed out that Trump’s crypto reserve initiative initially prioritized XRP, Solana, and Cardano before later including Bitcoin and Ethereum.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Coinbase has filed a FOIA request against the US Securities and Exchange Commission (SEC), riding on the highs of the dismissal of its case against the securities regulator. A glance at the document reveals that the US-based crypto exchange is seeking a raft of information on the SEC’s expenditure in its crypto war.
Coinbase Wants Full Disclosure Of SEC Spending In Its Enforcement Actions
US-based crypto exchange Coinbase is seeking information on the SEC’s spending in its war against major entities in the cryptoverse. Coinbase has filed a Freedom of Information Act (FOIA) request against the securities regulator to obtain information on the fiscal handling of its crypto lawsuits.
According to the document, the exchange is seeking information between April 2021 and January 2025 on the Commission’s spending. Coinbase’s request spans the total annual expenditures for digital asset investigations and enforcement actions against the industry.
Coinbase is also seeking information on the number of SEC full-time staff and details of their compensation packages. Furthermore, the FOIA request wants similar information on third-party contractors including their working hours and compensation packages.
Of particular concern is the Crypto Assets and Cyber Unit with Coinbase’s filing requesting the annual budget of the unit and compensation of its staff. Several cases initiated by the unit have been dismissed with the latest being Kraken’s case dismissal with prejudice.
“The previous SEC spent four years attacking a lawful industry, and American taxpayers were left holding the bill,” said Coinbase in a statement. “How much did you end up paying? We intend to find out.”
Several High-Level Crypto Lawsuits Will Drive The Bill Up
Following the filing of the FOIA request, the cryptoverse scans the horizon for the release of figures by the SEC. The SEC has nine possible defenses in the form of exceptions to the FOIA like internal personnel rules among others.
The release of the figures could run into millions of dollars, accentuated by a streak of high-profile crypto lawsuits. During the period under review, the SEC dragged Coinbase, Ripple Labs, Gemini, and Binance to court over alleged breaches of capital market rules.
The SEC case dismissal against Coinbase has triggered a wave of similar actions for affected entities. The dismissals are in sharp contrast to the heightened enforcement actions by the Gary Gensler-led agency.
SEC Commissioner Hester Pierce has criticized regulation by enforcement previously deployed by the SEC while hailing its new forward-thinking approach.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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