Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear
“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” said Powell of the effect of the Trump tariffs.
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President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
Former SEC Commissioner Paul Atkins will be sworn in as the agency’s next chair and will oversee future regulation for the crypto sector.
GameStop Raising $1.3B Via Convertible Debt to Buy Bitcoin
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet.
GameStop to Add Bitcoin to Balance Sheet
Company CEO Ryan Cohen had teased possible purchases weeks ago, notably sharing a photo of himself and Strategy’s Michael Saylor at a Mar-a-Lago event
Fed Holds Rates Steady, Cuts Growth Outlook, Raises Inflation Forecast
The U.S. central bank continues to expect the fed funds rate to end 2025 at 3.9%, or roughly two rate cuts by year-end.
U.S. SEC’s Acting Chair Walking Back Agency Proposal on Crypto Trading Platforms
The securities regulator’s long-delayed rule expanding the scope of regulated exchanges shouldn’t have tried to include crypto, Mark Uyeda argues.
Trump Orders ‘Fort Knox’ Bitcoin Reserve and Digital Assets Stockpile
The U.S. president directed his administration to establish a bitcoin reserve to hold seized assets, and it’s setting up a separate crypto stockpile.
Texas Surges in U.S. States’ Race to Put Public Funds Into Crypto
Texas’ bitcoin strategic reserve bill clears its senate, while New Hampshire marks a committee win and Utah teeters on a deadline this week.
President Warming Up His Pen to Sign Resolution to Kill IRS Crypto Rule If Passed
As the U.S. Senate began its process to consider a resolution to erase the recent IRS rule that targets DeFi, the White House cheered it on.