musu crypt
Open Trade
Frequent Trader
9.2 Months
2 Following
19 Followers
12 Liked
0 Shared
#BitcoinReserveDeadline
As of May 6, 2025, the U.S. Treasury has missed the May 5 deadline to submit its mandated report on the establishment of a Strategic Bitcoin Reserve, as directed by President Trump's executive order issued on March 6, 2025. This report was expected to outline how the government would manage and utilize seized Bitcoin assets. The absence of this report has led to uncertainty in the cryptocurrency market, with Bitcoin trading around $94,800, reflecting cautious investor sentiment. Bitcoinist.comBitbo
In contrast, New Hampshire has taken a proactive step by becoming the first U.S. state to establish a cryptocurrency reserve. Governor Kelly Ayotte signed HB 302 into law, allowing the state treasurer to invest up to 5% of public funds in digital assets and precious metals, specifically including cryptocurrencies with a market capitalization exceeding $500 billion, currently applying only to Bitcoin. This move positions New Hampshire ahead of federal initiatives in integrating digital assets into state-level financial strategies. Business Insider
Meanwhile, other states like Florida have withdrawn their plans to establish a Strategic Bitcoin Reserve, indicating a varied approach to cryptocurrency adoption across the U.S. FXStreet
The delay in the federal report and the differing state-level actions contribute to an atmosphere of uncertainty in the crypto market, as stakeholders await clearer regulatory guidance and policy direction.
As of May 6, 2025, the U.S. Treasury has missed the May 5 deadline to submit its mandated report on the establishment of a Strategic Bitcoin Reserve, as directed by President Trump's executive order issued on March 6, 2025. This report was expected to outline how the government would manage and utilize seized Bitcoin assets. The absence of this report has led to uncertainty in the cryptocurrency market, with Bitcoin trading around $94,800, reflecting cautious investor sentiment. Bitcoinist.comBitbo
In contrast, New Hampshire has taken a proactive step by becoming the first U.S. state to establish a cryptocurrency reserve. Governor Kelly Ayotte signed HB 302 into law, allowing the state treasurer to invest up to 5% of public funds in digital assets and precious metals, specifically including cryptocurrencies with a market capitalization exceeding $500 billion, currently applying only to Bitcoin. This move positions New Hampshire ahead of federal initiatives in integrating digital assets into state-level financial strategies. Business Insider
Meanwhile, other states like Florida have withdrawn their plans to establish a Strategic Bitcoin Reserve, indicating a varied approach to cryptocurrency adoption across the U.S. FXStreet
The delay in the federal report and the differing state-level actions contribute to an atmosphere of uncertainty in the crypto market, as stakeholders await clearer regulatory guidance and policy direction.
#FOMCMeeting
The Federal Open Market Committee (FOMC) convened its two-day monetary policy meeting on May 6–7, 2025. The decision on interest rates will be announced on Wednesday, May 7, at 2:00 p.m. EST, followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 p.m. EST.WSJ+2Investopedia+2CBS News+2
Key Highlights:
Interest Rates: The Federal Reserve is widely expected to maintain the federal funds rate at its current range of 4.25% to 4.5%. This decision comes amid economic uncertainties, including recent GDP contraction and the impact of new tariffs. CBS News+2CBS News+2Kiplinger+2Morningstar+7Kiplinger+7CBS News+7
Economic Indicators: Despite a 0.3% decline in GDP in Q1 2025, the labor market remains resilient, with 177,000 jobs added in April and unemployment steady at 4.2%. Investors+2Kiplinger+2Reuters+2
Inflation and Tariffs: The Fed is monitoring the effects of President Trump's tariffs, which have introduced inflationary pressures and economic uncertainty. These factors contribute to the Fed's cautious approach to altering interest rates. Forbes+11Kiplinger+11CBS News+11Investopedia+1WSJ+1
Future Rate Cuts: Market expectations for a rate cut have shifted, with a 32% chance projected for June and an 80% probability for July. Analysts suggest that the Fed may wait for clearer economic signals before making policy changes. InvestorsKiplinger+1Reuters+1
Political Pressure: President Trump has been advocating for immediate rate cuts to stimulate the economy. However, the Fed maintains its independence and is likely to base decisions on economic data rather than political pressure.
For more detailed information, you can refer to the Federal Reserve's official meeting calendar
The Federal Open Market Committee (FOMC) convened its two-day monetary policy meeting on May 6–7, 2025. The decision on interest rates will be announced on Wednesday, May 7, at 2:00 p.m. EST, followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 p.m. EST.WSJ+2Investopedia+2CBS News+2
Key Highlights:
Interest Rates: The Federal Reserve is widely expected to maintain the federal funds rate at its current range of 4.25% to 4.5%. This decision comes amid economic uncertainties, including recent GDP contraction and the impact of new tariffs. CBS News+2CBS News+2Kiplinger+2Morningstar+7Kiplinger+7CBS News+7
Economic Indicators: Despite a 0.3% decline in GDP in Q1 2025, the labor market remains resilient, with 177,000 jobs added in April and unemployment steady at 4.2%. Investors+2Kiplinger+2Reuters+2
Inflation and Tariffs: The Fed is monitoring the effects of President Trump's tariffs, which have introduced inflationary pressures and economic uncertainty. These factors contribute to the Fed's cautious approach to altering interest rates. Forbes+11Kiplinger+11CBS News+11Investopedia+1WSJ+1
Future Rate Cuts: Market expectations for a rate cut have shifted, with a 32% chance projected for June and an 80% probability for July. Analysts suggest that the Fed may wait for clearer economic signals before making policy changes. InvestorsKiplinger+1Reuters+1
Political Pressure: President Trump has been advocating for immediate rate cuts to stimulate the economy. However, the Fed maintains its independence and is likely to base decisions on economic data rather than political pressure.
For more detailed information, you can refer to the Federal Reserve's official meeting calendar
Login to explore more contents