FameEX Morning Crypto News Recap | January 16, 2025

SEC to Roll Out Crypto Policy Reforms After Trump Takes Office, May Pause Certain Enforcement Actions

On January 15, Reuters revealed that the SEC under Trump aims to reform cryptocurrency policies. The agency is reviewing ongoing enforcement cases and may suspend those without fraud allegations.

119th U.S. Congress Prioritizes Digital Asset Framework Development

Fox Business reporter Eleanor Terrett highlighted Senator Tim Scott’s focus on creating a digital asset framework for the 119th Congress. The document criticized SEC Chairman Gensler for unclear guidance, which has driven cryptocurrency projects to explore opportunities outside the U.S.

CPI Data Favors Fed, but Rate Cuts Are Still Far Off

Analyst Chris highlighted that despite favorable CPI data, rate cuts are improbable given the strong job market. The Federal Reserve may need several months to make further progress on inflation before considering any potential reductions in interest rates.

NFT Market Transactions and Sales Plunge to 2020 Lows in 2024

In 2024, the NFT market recorded its lowest transaction and sales volumes since 2020. A blockchain analysis report highlighted a 19% decrease in annual transaction volume and an 18% decline in sales compared to the previous year.

Thailand SEC Considers Local Bitcoin ETF Listing to Drive Digital Asset Growth

The Thai Securities and Exchange Commission is considering allowing Bitcoin ETFs on local exchanges to position Thailand as a digital asset hub. Proposed rules would permit individuals and institutions to directly invest in domestic Bitcoin ETFs, a shift from the previous indirect access to overseas Bitcoin ETFs.

Germany’s No. 2 Stock Exchange Obtains Bitcoin Custody License

Boerse Stuttgart, Germany’s second-largest stock exchange, has obtained a full Bitcoin custody license. CEO Matthias Voelkel revealed that cryptocurrency trading contributes 25% of the exchange’s revenue and confirmed his personal investment in Bitcoin.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​