CoinQue Chronicles
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The Federal Reserve might cut rates in response to Trump's tariffs, while the former president has also approved the 'D.O.G.E dividend' tax refund for US taxpayers. In a major development, Brazil has approved its first spot XRP ETF as a local bank explores a stablecoin on XRPL. Meanwhile, the SEC has dropped lawsuits against the Blockchain Association and CFAT, signaling a shift in regulatory stance. As 2025 unfolds, key US economic data events will be crucial in shaping crypto market trends. Keep reading for the full scoop!
The Fed is worried Trump’s new tariffs could push inflation higher, which might delay or force interest rate cuts. Trump wants to slap 25% tariffs on cars, semiconductors, and pharmaceuticals, adding pressure on prices and businesses. Fed officials say companies will pass higher costs to consumers, making it harder to bring inflation down.
Trump approved a tax refund plan that gives 20% of Elon Musk’s D.O.G.E savings back to taxpayers, with another 20% going toward debt reduction. Musk’s cost-cutting initiative fired thousands of federal workers, but some big savings claims have been debunked, and the actual refund might be much smaller than expected. D.O.G.E uncovered more funds, slashing $1.9 billion from HUD and $373 million from DEI grants, while also targeting Pentagon spending next.
Brazil’s securities regulator has approved the country’s first spot XRP exchange-traded fund, which comes as the asset rose 8% over the past 24 hours.? The Hashdex Nasdaq XRP Index Fund has been green-lit for trading in Brazil after being approved by the country’s securities regulator, the Comiss?o de Valores Mobiliários.?
As the crypto markets veer into a low liquidity scenario in 2025, a close look at US Fed meetings is necessary. Policy rates dictate the liquidity flowing in and out of the crypto markets. Lower interest rates give way to bull rallies, while higher ones stop market growth. The key aspect that leads to changes in interest rates is inflation.
The SEC has withdrawn its dealer rule appeal against the Blockchain Association (BA) and Crypto Freedom Alliance of Texas (CFAT) A district court had earlier rejected the SEC’s assertion about the dealer rule due to overreach. The SEC’s withdrawal could mark a regulatory shift for the crypto industry and its stakeholders.?
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