$BTC Cryptocurrency markets are closely watching the FOMC | HarryLuhur on Binance Square

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$BTC 
Cryptocurrency markets are closely watching the FOMC meeting, as interest rate decisions can significantly impact digital asset valuations. 
Bitcoin currently trading around $96,344, Bitcoin has shown resilience ahead of the Fed's announcement.  

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$TRUMP $TRUMP coin which offered holders perks like a dinner with Trump and a White House tour, raised ethical and national security concerns. Reports indicated that Trump and his family stood to earn significant sums from these ventures, prompting calls for stricter regulations. Senator Chris Murphy described the promotion of such coins by public officials as a means for secret payments from individuals doing business with the federal government, highlighting the potential for corruption.

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#MEMEAct The Modern Emoluments and Malfeasance Enforcement Act—commonly referred to as the MEME Act—is a legislative proposal introduced in early 2025 by U.S. Representative Sam Liccardo (D-CA) and Senator Chris Murphy (D-CT). The bill aims to prevent federal officials from profiting from digital assets, particularly in light of recent controversies involving former President Donald Trump's cryptocurrency ventures. While the MEME Act addresses pressing concerns about the intersection of public office and personal financial gain in the digital asset space, its passage faces challenges. With Republicans controlling Congress, the bill's prospects are uncertain. However, its introduction marks a significant step in the ongoing debate over ethical standards and financial transparency for public officials in the era of cryptocurrencies.

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#BTCPrediction Cryptocurrency markets are closely watching the FOMC meeting, as interest rate decisions can significantly impact digital asset valuations. Bitcoin currently trading around $96,344, Bitcoin has shown resilience ahead of the Fed's announcement.

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#FOMCMeeting The Federal Open Market Committee (FOMC) is concluding its two-day policy meeting today, May 7, 2025. The interest rate decision is scheduled for release at 2:00 PM Eastern Time (ET), followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 PM ET. In Jakarta time, these correspond to 1:00 AM and 1:30 AM on May 8, respectively. The consensus among analysts and traders is that the Fed will maintain the federal funds rate at its current range of 4.25% to 4.50%. The CME FedWatch Tool indicates a 94% probability of no rate change. Despite a 0.3% contraction in Q1 GDP and rising jobless claims, the Fed is expected to adopt a cautious stance, monitoring the economic effects of recent tariff policies and inflation trends. Analysts suggest that a dovish tone from Chair Powell, indicating potential future rate cuts, could bolster cryptocurrency prices. Conversely, a hawkish stance may exert downward pressure on the market.

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#USHouseMarketStructureDraft On May 5, 2025, Republican leaders from the U.S. House Financial Services and Agriculture Committees—Representatives French Hill, GT Thompson, Bryan Steil, and Dusty Johnson—introduced a discussion draft of the Digital Asset Market Structure Act of 2025. This proposed legislation aims to establish a comprehensive regulatory framework for digital assets, addressing longstanding ambiguities in the crypto industry. The introduction of the draft has sparked political debate. Representative Maxine Waters, the leading Democrat on the House Financial Services Committee, has expressed concerns regarding the bill, particularly in light of former President Donald Trump's increasing involvement in crypto ventures. She has indicated plans to block a joint hearing on the bill and has called for separate hearings to investigate these ties. The draft is currently open for public comment and is expected to undergo revisions based on feedback from stakeholders. Lawmakers aim to refine the bill to balance innovation in the digital asset space with robust consumer protections.

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