FameEX Morning Crypto News Recap | February 3, 2025

Rich Dad Poor Dad Author Warns Trump's Tariff Policy Could Trigger Collapse of Gold, Silver, and Bitcoin

On February 2, Robert Kiyosaki, author of Rich Dad Poor Dad, tweeted that Trump's new tariff policy could cause the collapse of gold, silver, and Bitcoin prices, creating buying opportunities. However, he emphasized that the real issue lies in the worsening debt crisis.

U.S. Treasury Secretary Asserts That Cryptocurrency Economy Will Persist

U.S. Treasury Secretary Scott Bessent told FOX Business that cryptocurrency is rooted in freedom and confirmed that the cryptocurrency economy will continue to thrive despite challenges.

Stablecoin Market Surpasses $200 Billion, Growing by Nearly $40 Billion Since Trump’s Victory

The stablecoin market has surpassed $200 billion, gaining nearly $40 billion since President Trump's victory. This growth indicates a potential rise in cryptocurrency prices during the first quarter of 2025.

Republican-Led SEC Committee Enhances Oversight of SEC Investigation

Sources say the Republican-led U.S. SEC committee is intensifying oversight of the formal investigation into the SEC, focusing on increasing scrutiny of the agency's operations.

CryptoQuant CEO Sees Potential in Meme Coins but Calls for Positive Development

CryptoQuant CEO Ki Young Ju, though not a fan of meme coins, sees potential value in them. He compares the current meme coin trend to a primitive collective consciousness, where the community operates like a shared belief system, which could evolve into a more structured one.

El Salvador Revokes Bitcoin's Legal Tender Status to Meet IMF Loan Requirements

El Salvador's Congress passed a reform removing Bitcoin's legal tender status to fulfill the conditions for a $1.4 billion loan from the IMF. Under the new regulations, Bitcoin use becomes voluntary, merchants and institutions are not required to accept it, and it cannot be used for tax payments.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.