政策

The minutes of the Federal Open Market Committee (FOMC) meeting on September 17 and September 18 released by the Federal Reserve pointed out:

Rate cut decision and support:
The vast majority of participants supported the Federal Reserve's decision in September to lower the target range of the federal funds rate by 50 basis points, bringing its benchmark funds rate to a range of 4.75%-5%. Eleven of the 12 voting members of the Federal Open Market Committee voted in favor of the decision, and only one voted against, supporting a rate cut of only 25 basis points. However, the differences between officials are greater than the voting figures show.

Views on economic risks:
Inflation risk: Almost all participants agreed that the upside risk of inflation has weakened, but the inflation rate is still slightly higher.
Employment risk: Most participants said that the downside risk of employment has increased.

Views on policy restrictiveness: Several participants pointed out that premature or excessive reduction of policy restrictiveness could lead to stagnation or reversal of progress in fighting inflation.

Views on different interest rate cuts: - Officials who support a 50 basis point rate cut believe that this adjustment can better align the monetary policy stance with the latest inflation and labor market data, and there was a reasonable reason to cut interest rates at the July meeting, and recent data has consolidated the rationality of the rate cut.
Officials who believe that a 25 basis point rate cut is more reasonable emphasize that the unexpected rate cut pattern is inconsistent with the Fed's intention to gradually reduce the policy rate, and the economic data itself only supports rate cuts, not super-standard rate cuts. Smaller rate cuts can make the path of monetary policy normalization more predictable and give policymakers more time to assess economic progress.

Expectations for future policy stance:
If inflation continues to decline toward the Fed's 2% policy target and employment maintains its recent expansionary trend, a more neutral stance may be appropriate over time. In general, this meeting minutes shows that there are major differences among Fed officials on issues related to interest rate cuts, and the future direction of monetary policy remains uncertain
#美联储货币纪要 #特朗普当选概率上升 #非农人数大幅升温 #大A香还是大饼香 #政策

🧨【Breaking News】The People's Court Daily published an article stating that the judicial disposal of virtual currency should be standardized!
In 2023, the total number of criminal cases involving virtual currency in my country decreased, but the amount involved increased significantly. The current disposal faces multiple challenges such as ownership identification. For this reason, it is recommended to issue comprehensive guidance opinions as soon as possible to clarify relevant content and call for strengthening international cooperation.
💥Where will the judicial disposal of virtual currency go in the future? Let us wait and see! Looking forward to a more standardized market environment to escort the development of digital economy and finance!

#币圈新机遇 #虚拟货币 #合规监管 #政策

Brief News｜Trump's Executive Orders Set Record!
#政策

According to ABC News, Trump has signed 54 executive orders in two and a half weeks since taking office, surpassing the number signed by any president since Truman in their first 100 days. Former President Biden signed only 42 orders in his first 100 days. Furthermore, Trump has canceled the most executive orders by a previous administration since President Roosevelt, having revoked 91 of Biden's executive orders.

When can virtual currency be used to buy food legally in China! ! ! ! ! !
🚨Virtual currency in my country: the road to legalization is still long! 💸🔒
💥The "currency circle spring" you are looking forward to may have to wait a little longer! In our country, the legalization of virtual currency is still foggy, and the policy red line is clearly visible. 😱
💬First of all, don't treat virtual currency as a "money printing machine" anymore! In our country, it is not recognized as a real currency, but just a virtual commodity. Want to use it to change cars and houses? Wake up, the law will not protect your "daydreams". 😴
🚫What's worse is that the transaction and use of virtual currency are strictly regulated in our country! Although you may not care if you secretly buy some coins for fun, but want to make a fortune through the trading platform? That's a minefield! The central bank has expressly prohibited financial institutions and payment institutions from engaging in virtual currency-related businesses, which is to block your way to the "currency circle"! 🚫
🤔So, what about virtual property? Although it is gradually receiving legal attention, how to protect it and to what extent it is protected still depends on the relevant laws and regulations. So, don't think that you can sit back and relax after buying a few NFTs, the risks are still great! 😰
💡Finally, let me pour some cold water on you: my country is cautious about the use and trading of virtual currencies, and there is currently no clear timetable or plan to legalize the use of virtual currencies. So, those friends who are looking forward to "getting rich in the currency circle" should wake up early! 💤
#虚拟币合法化 #政策 #风险管理 #币圈段子 #BTC走势分析 $BTC $ETH $BNB

🇷🇺 Russia's new cryptocurrency mining regulations officially take effect on November 1!

From November 1, Russia officially implemented a new set of strict mining regulations, which also means that mining activities have been officially legalized in the country and are no longer on the fringe.

The new regulations include strict energy consumption caps, mandatory miner registration, and enhanced regulatory measures to regulate and supervise the growing cryptocurrency mining industry.

According to regulations, mining in Russia now requires registration, whether it is a company or an individual business, it must have a legal identity. Individual mining is also OK, but the monthly electricity consumption cannot exceed 6,000 kWh. If it exceeds, it must be registered as a company.

In terms of supervision, miners must report the total amount of your digital currency and the address of each transaction to the tax bureau. This information is required to be visible only to law enforcement agencies, which not only protects privacy but also ensures that supervision is in place.

At the same time, mining must ensure the safety and stability of operations and cannot cause trouble to the local power grid. The local government will also maintain a registration information database for miners for use by relevant departments.

However, if there is a power shortage, the government may restrict mining activities in certain areas. I heard that the Far East, Southwest Siberia and the South may be the first restricted areas because these places will not be able to meet the high energy consumption requirements of mining before 2030.

In short, Russia's cryptocurrency mining industry will usher in a major change, which is not only a challenge for miners, but also a test for the entire energy management and regulatory system. Let's wait and see what impact these new regulations will have!

🗣 Conclusion:

With the implementation of Russia's new mining regulations, we have also witnessed the country's cryptocurrency mining industry from the fringe to the mainstream stage.

These new regulations not only provide clear legal guidance for miners, but also bring challenges to the energy management and regulatory system.

This is not only a major adjustment of Russia's domestic policies, but may also have a far-reaching impact on the global cryptocurrency market.

💬What impact do you think these new regulations will have on Russia's cryptocurrency market? Whether it will cause other countries around the world to follow suit is worth our attention and expectation!

#俄罗斯挖矿新规 #加密货币 #政策 #监管

Kamala Harris' economic policies differ greatly from those of the current President Biden in many ways. For example, she advocates for "Medicare for All" and has proposed a different tax plan than Biden, including a more limited student loan relief plan. A major challenge is that the main tax cuts of the Tax Cuts and Jobs Act will expire after 2025. If Congress does not act, this may lead to tax increases for more than 60% of Americans.

Divergence in tax positions
Biden advocates raising taxes on the rich and corporations, while it remains uncertain whether Harris will stick to not raising taxes on people earning less than $400,000 a year. She proposed a higher corporate tax rate than Biden during the 2020 campaign, which made her tax policy a focus of attention within and outside the party.

Challenges
Harris will have to deal with the complicated legacy of Biden's economic policies. Despite low unemployment and strong economic growth, only 37% of Americans have a positive view of Biden's economic policies, and inflation remains a major concern. Moreover, the federal debt has risen sharply since Biden took office, which will undoubtedly increase Harris' policy challenges.

Can Harris' economic policies bring new life to the US economy, or will it struggle in Biden's shadow? This will be an important issue she needs to solve in the future. #美国大选如何影响加密产业？ #美国以太坊现货ETF开始交易 #拜登退选 #比特币大会 #政策 $BTC $ETH $SOL

Events in the coming July

1. Mt.Gox starts token repayment
Mt.Gox will start distributing BTC and BCH for repayment in early July. The creditor compensation in July was the first time that Mt.Gox made repayments in the form of BTC and BCH, which means that the 141,686 BTC (and a roughly equal number of BCH) held by Mt.Gox will begin to flow into the market. These BTC account for 0.72% of the total circulating supply, worth about $8.54 billion. This is a considerable selling pressure on the market. Industry insiders are generally still in a cautiously optimistic stage, and the fermentation of market sentiment has begun early and is directly reflected in prices.

2. Biden and Trump will attend Bitcoin conferences in July
US President Biden and former President Trump will each attend Bitcoin conferences held by different organizers in July, namely the Bitcoin Roundtable in early July and the Bitcoin2024 conference on July 25. The two presidential candidates attended Bitcoin-related conferences at the same time. It can be seen that both sides want to use BTC to promote themselves and win votes. This is not a bad thing for BTC, because they may have to make actions and policies that are beneficial to BTC in order to gain support from BTC believers.

3. U.S. June CPI annual rate on July 11
The June CPI annual rate is expected to be 3.3%, which is consistent with the May data and remains unchanged. The May CPI fell slightly from the previous value and the expected value of 3.4%. The slowdown in inflation once made the market expect that two interest rate cuts would be guaranteed this year. The chairman of the Federal Reserve said that the interest rate cuts would also depend on comprehensive data such as the employment market and GDP. This inflation data may affect the market's expectations of the Federal Reserve's future monetary policy.

4. The Federal Reserve's interest rate decision and press conference on July 31
The Federal Reserve will announce the latest interest rate decision on July 31 (2 a.m. on August 1, Beijing time) and hold a monetary policy press conference. The market expects that the Federal Reserve will keep interest rates unchanged. The focus of this meeting is the speech of the Federal Reserve Chairman and the Federal Reserve's expectations for the number and magnitude of interest rate cuts this year, which are the focus of market attention. The Fed's decision will directly affect the trend of the global financial market and will also impact the crypto market.

Opportunities are rare, and success does not rely solely on luck. Learn more. Choice is better than hard work, and the circle determines success or failure. Welcome to follow.
#比特币政策 #政策 #CPI数据