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🇺🇸 Senator Cynthia Lummis says the proposed Bitcoin legislation would enable major banks to provide digital asset custody and payment services, all under proper regulatory oversight. 👀
🇺🇸 Trump confirms he will name the new Fed Chair in January.
Why it matters:
• Hints at a shift in Federal Reserve leadership • Markets tend to price in a more growth-friendly outlook early • New Chair = potential change in rates, liquidity, and regulation • Less uncertainty → risk assets reprice faster
Historically, Fed transitions reshape the narrative before any real policy move.
If markets start to expect: → earlier rate cuts → a softer policy stance → increased political pressure on the Fed
Liquidity expectations can surge quickly.
This isn’t about January itself. It’s about positioning ahead of the next macro phase.
Markets don’t wait for confirmation. They move on expectations. And that signal just flashed.