FameEX Morning Crypto News Recap | January 16, 2025
2025-01-16 08:55:41SEC to Initiate Crypto Policy Reforms Post-Trump Inauguration, Potentially Halting Some Enforcement Actions
On January 15, Reuters reported that the SEC under Trump plans comprehensive cryptocurrency policy reforms. The agency is reviewing pending enforcement cases and may pause proceedings that exclude fraud allegations.
Digital Asset Framework Development Tops Priorities for 119th U.S. Congress
Fox Business reporter Eleanor Terrett revealed that Senator Tim Scott’s priorities for the 119th Congress include developing a digital asset framework. The document criticized SEC Chairman Gensler for lacking clear guidance, prompting crypto projects to seek opportunities abroad.
CPI Data Supports Fed, but Rate Cuts Remain Distant
Analyst Chris noted that while favorable CPI data supports the Federal Reserve, rate cuts remain unlikely due to a robust job market. The Fed may require several months to achieve more progress on inflation before contemplating further interest rate reductions.
NFT Market Transaction Volume and Sales Hit Lowest Levels Since 2020 in 2024
In 2024, NFT market transaction and sales volumes hit their lowest levels since 2020. A blockchain analysis report revealed a 19% decline in annual transaction volume and an 18% drop in sales compared to 2023.
Thailand SEC Explores Local Listing of Bitcoin ETFs to Boost Digital Asset Growth
The Thai Securities and Exchange Commission is evaluating the listing of Bitcoin ETFs on local exchanges to establish Thailand as a digital asset hub. The proposed rules would enable direct investment in domestic Bitcoin ETFs for individuals and institutions, Thailand had previously offered only indirect access to overseas Bitcoin ETFs.
Germany's Second-Largest Stock Exchange Secures Bitcoin Custody License
Germany’s second-largest stock exchange, Boerse Stuttgart, has secured a full Bitcoin custody license. CEO Matthias Voelkel previously stated that cryptocurrency trading accounts for 25% of the exchange’s revenue and disclosed his personal investment in Bitcoin.
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