FameEX Morning Crypto News Recap | January 21, 2025

Trump's Inaugural Address Omits Mention of Cryptocurrencies

Trump's inauguration speech did not mention Bitcoin or cryptocurrencies, focusing on other issues without referencing digital currencies.

Republican Lawmakers' Report Excludes Cryptocurrency as a Priority

A document released by Republican lawmakers on January 21 did not include cryptocurrency as a current priority.

SEC Issues Statement on Gensler's Exit

The SEC announced that today marks Gary Gensler's last day as Chairman. Gensler, with a long history of public service, joined the SEC in 2021 and has led the agency during his tenure.

Trump Family's Cryptocurrency Project Purchases $4.7 Million in Bitcoin After His Inauguration

Arkham data reveals that after Donald Trump's inauguration as the 47th U.S. President, his family’s cryptocurrency project, World Liberty FI, acquired $4.7 million in Bitcoin.

ESMA Calls for Restrictions on Stablecoins Failing to Comply with MiCA, USDT Faces Potential Delisting

The European Securities and Markets Authority (ESMA) has called for restrictions on stablecoins that don't comply with the EU’s new Markets in Crypto-Assets (MiCA) regulation. Tether, the issuer of USDT, has not secured MiCA's license and could face limitations.

The Fed May Have Concluded Its Rate-Cutting Cycle

Bank of America stated that while global markets focus on Trump's inauguration, the U.S. economy remains strong, with robust employment and retail data. Core inflation is at 3.2%, leading Bank of America to believe the Federal Reserve has completed its rate-cutting cycle.

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