FameEX Morning Crypto News Recap | January 21, 2025

Cryptocurrencies Left Out of Trump's Inaugural Address

Trump's inauguration speech focused on other issues, omitting any mention of Bitcoin or cryptocurrencies, with no reference to digital currencies.

Republican Lawmakers' Report Leaves Cryptocurrency Off the Priority List

A document issued by Republican lawmakers on January 21 excluded cryptocurrency as a priority in their current agenda.

SEC Publishes Statement Regarding Gensler's Departure

The SEC confirmed that today is Gary Gensler's final day as Chairman. Gensler, who has a long public service career, joined the SEC in 2021 and led the agency throughout his tenure.

Trump Family’s Crypto Project Acquires $4.7 Million in Bitcoin Following His Inauguration

According to Arkham data, following Donald Trump’s inauguration as the 47th U.S. President, his family’s crypto project, World Liberty FI, purchased $4.7 million worth of Bitcoin.

ESMA Urges Restrictions on Non-Compliant Stablecoins, USDT at Risk of Delisting

The European Securities and Markets Authority (ESMA) has recommended imposing restrictions on stablecoins that fail to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation. Tether, which issues USDT, has not acquired MiCA’s license and may face potential restrictions.

The Fed Might Have Ended Its Rate-Cutting Cycle

Bank of America noted that despite global attention on Trump's inauguration, the U.S. economy remains resilient, with strong employment and retail figures. With core inflation at 3.2%, Bank of America suggests the Federal Reserve has likely finished its rate-cutting cycle.

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