FameEX Morning Crypto News Recap | March 11, 2025
2025-03-11 13:24:41
President Trump Set to Sign Executive Order Rolling Back Cryptocurrency Restrictions
President Trump is expected to sign an executive order this week reversing “Operation Chokepoint 2.0” and clarifying that stablecoins are not securities.
SEC Acting Chairman Seeks to Roll Back Crypto Asset Regulations
The U.S. SEC proposed expanding "exchange" regulations to include crypto-asset businesses, sparking industry backlash. Due to significant negative feedback, an SEC official has requested the option to waive this part of the proposal, aiming to address concerns over its impact on crypto trading venues.
Nasdaq Sinks Almost 4% as Tariff War Worries Intensify
On March 10, the Nasdaq Composite fell almost 4% to its lowest point in six months amid growing concerns over a potential economic slowdown from the tariff war.
Fed Likely to Begin Rate Cuts in June Amid Rising Recession Concerns
Institutional analysts believe the Federal Reserve is unlikely to cut rates next week. However, if trade war-related recession fears escalate and become reality, the Fed could begin a series of rapid rate cuts starting in June.
Deutsche Bank Analysts: Trump’s Unclear Bitcoin Reserve Strategy Could Trigger Crypto Market Volatility
Trump’s unclear Bitcoin reserve proposal could keep crypto markets volatile, says Deutsche Bank’s Marion Laboure, citing the plan’s lack of concrete details and policy direction.
UK Treasury Confirms It Won’t Adopt Bitcoin as a Reserve Asset
On March 10, a UK Treasury spokesperson stated that Bitcoin’s volatility makes it unfit as a reserve asset, and the UK has no current plans to adopt Bitcoin reserves.
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