FameEX Morning Crypto News Recap | February 5, 2025

Trump Administration Narrows Focus of SEC’s Cryptocurrency Enforcement Team

The Trump administration is scaling back the SEC’s cryptocurrency enforcement team, which once had over 50 staff members. This move aligns with President Trump’s broader initiative to ease cryptocurrency regulations, promoting industry growth and alleviating concerns about excessive governmental oversight.

SEC to Provide Retroactive and Temporary Relief for Crypto Assets

SEC Commissioner Hester Peirce announced that the U.S. Securities and Exchange Commission (SEC) will provide interim and retroactive relief for token issuances, contingent upon certain conditions. These include providing updated information, assessing the securities status of crypto assets, and agreeing not to challenge the SEC’s jurisdiction in cases involving alleged fraud.

Republican Senators to Present Stablecoin Regulatory Bill with President Trump’s Support

On February 4, Republican Senator Bill Hagerty will introduce a bill to create a stablecoin regulatory framework. The proposed legislation aims to provide clear and predictable rules for U.S. dollar-pegged stablecoins, and it has the support of President Trump.

U.S. Congress to Create Cryptocurrency Working Group

On February 5, U.S. House Financial Services Committee Chairman French Hill announced the creation of a cryptocurrency working group in both houses of Congress.

Federal Reserve Governor Jefferson: Strong Economy Means No Rush to Cut Interest Rates, Advocates Caution

Federal Reserve Governor Jefferson highlighted that there’s no immediate need to cut interest rates, given the strong economy. He recommended a cautious approach, expecting inflation to decrease gradually, with potential rate reductions in the medium term.

Ethereum Price May Fall to $2200-$2400 Due to Trade War

Andrew Kang from Mechanism Capital suggested that a trade war could push Ethereum's price back to the $2200-$2400 range.

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