FameEX Morning Crypto News Recap | July 29, 2024

Trump: Keep Your Bitcoin, Don't Sell

In his Bitcoin 2024 conference speech, Trump advised against selling Bitcoin, pledging to keep 100% of it in the country’s strategic reserve if elected. He also vowed to prevent the U.S. government from selling seized bitcoins, stressing the importance of maintaining Bitcoin holdings.

15 Democratic Lawmakers Urge New Approach to Cryptocurrency Policy

On July 27, FOX Business reporter Eleanor Terrett revealed that U.S. Congressman Wiley Nickel and 14 Democratic congressmen are calling for a new cryptocurrency policy approach. Proposed measures include adding crypto support to the party platform, choosing a pro-crypto vice president and SEC chairman, and engaging meaningfully with the industry.

Swiss Regulator Unveils Stablecoin Guidance

The Swiss Financial Market Supervisory Authority (FINMA) issued guidance on stablecoins, highlighting increased money laundering risks. The document addresses the financial market's legal aspects of stablecoin projects and their potential impact on regulated institutions, emphasizing the importance of vigilance and compliance with existing regulations.

Hong Kong Lawmaker Suggests Including Bitcoin in Strategic Fiscal Reserves

Hong Kong Legislative Council member Wu Jiezhuang tweeted that Bitcoin and Web3 are vital for globalization and should be encouraged. He proposed including Bitcoin in strategic fiscal reserves under compliance conditions, expressing confidence that the government will responsibly and gradually open the market.

Analysts: Friday’s Non-Farm Payrolls Data Could Impact September Fed Rate Cut

This week is a "super central bank week" with major announcements from the Bank of Japan, the Bank of England, and the Federal Reserve on interest rate decisions. These banks may signal significant monetary policy changes. The Federal Reserve will announce its rate decision next Thursday, and the U.S. will release non-farm payroll data on Friday.

Tether CEO Announces New Open Source Project

On July 29, Tether CEO Paolo Ardoino announced on social media that Tether is set to launch a new open-source project, which will play a crucial role in the company's future ecosystem.

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