POWELL: CRYPTO IS ABOUT TO EXPLODE! (TRUMP CLAPS BACK!)

Altcoin Daily

Key Points from Fed Chair Jerome Powell's Statements

  • Banks are able to serve crypto customers as long as they understand and manage the risks.
  • The Federal Reserve is open to innovation and doesn't want to stifle banks from engaging with crypto activities.
  • Powell suggests that a greater regulatory apparatus around crypto would be helpful.

Trump's Pressure on the Fed

  • Trump has been putting public pressure on Powell to cut interest rates.
  • The Fed has kept interest rates unchanged at 4.5%.
  • Trump's actions may be seen as an attempt to influence the Federal Reserve, which is supposed to be independent.

Crypto Regulation and Outlook

  • Fair crypto regulation is expected to be pushed through in the US in 2025.
  • Pro-crypto laws are likely to be passed, which could lead to a bullish outlook for crypto.
  • A strategic Bitcoin Reserve has been proposed, where the US would acquire and hold Bitcoin for 20 years.

Market Expectations

  • Altcoins are expected to explode in the USA.
  • A Solana futures ETF may be offered by the CME, which could lead to a Solana cash ETF.
  • 2025 is expected to be a huge year for crypto, with a potential crypto cycle unlike any seen before.