FameEX Morning Crypto News Recap | January 24, 2025

US President Issues Executive Order on Cryptocurrency, Forms Digital Asset Market Task Force

The US President signed an executive order on cryptocurrency, establishing the Presidential Digital Asset Market Working Group to strengthen US leadership in digital finance. The group will create a federal regulatory framework, including stablecoin regulation and an assessment of the potential for a national digital asset strategic reserve.

US Strategic Bitcoin Reserves Rumors Spark BTC Volatility

On January 23, Bitcoin (BTC) experienced fluctuations amid rumors that the U.S. might announce a strategic Bitcoin reserve. Wyoming Senator Cynthia Lummis, expected to head the House Financial Services Subcommittee on Digital Assets, teased "something big" in a tweet but refrained from providing additional details.

Trump Urges Global Interest Rate Cuts as Focus Shifts to Fed Meeting Outlook

At the World Economic Forum in Davos, Trump urged immediate interest rate cuts due to falling oil prices and called for global rate reductions. With the Federal Reserve's first policy meeting since his inauguration scheduled for January 28-29, expectations are that the Fed will leave interest rates unchanged during this session.

JPMorgan CEO Cautions Crypto Firms About Potential Million-Dollar Fines

JPMorgan CEO Jamie Dimon stated in a podcast that crypto companies could face millions in fines if issues arise, despite JPMorgan providing banking services to some. He criticized banks for not informing customers when services are suspended and called for clearer regulations to define banks' responsibilities and liabilities, urging the federal government to intervene.

Crypto Czar David Sacks Discusses Digital Asset Reserves and Regulatory Structures

Crypto czar David Sacks mentioned that the decision on the digital asset reserve plan is still undecided, pending further research. The Digital Assets Task Force will focus on developing a regulatory framework, defining asset categories, boosting U.S. dollar dominance via stablecoins, and assessing national digital asset reserves.

Analyst Predicts Bitcoin Could Exceed 70 Historical Highs This Year

Analyst Van Straten predicts Bitcoin will surpass 70 historical highs in 2025, drawing comparisons to its performance in 2017.

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