FameEX Morning Crypto News Recap | April 25, 2025
2025-04-25 00:35:39U.S. House of Representatives Set to Introduce New Crypto Market Structure Legislation
The U.S. House of Representatives is set to introduce new crypto market structure legislation by month-end. The draft is expected to reference the Financial Innovation and Technology Act of the 21st Century (FIT21), which was passed by the previous Congress, shaping the regulatory framework.
Federal Reserve Revokes Regulatory Guidance on Crypto Assets and Dollar Tokens
On April 24, 2025, the Federal Reserve rescinded regulatory guidance on banks' participation in crypto assets and dollar tokens. This action includes revoking the 2023 letter that mandated banks to obtain no-objection opinions before engaging in dollar token activities.
U.S. SEC to Organize Crypto Roundtable on April 26
The U.S. SEC will hold a crypto roundtable on April 26, from 1 AM to 5 AM UTC+8, addressing custody issues. The event will include two panel discussions: one on broker-dealer and wallet custody, and another on investment advisor and investment company custody.
Bitcoin Exchange Net Flow Drops to Two-Year Low as Whales Continue to Accumulate
CryptoQuant data shows Bitcoin exchange net flows have been the most negative since the 2023 bull market, with exchange balances declining. Bitcoin reserves fell to 2.535 million BTC in April, a 7% decrease since January. Large holders increased their positions, while small investors sold off.
Federal Reserve Governor Waller: Higher Unemployment Rate May Trigger Interest Rate Cuts
Federal Reserve Governor Waller suggested that interest rate cuts may be triggered by a rise in the unemployment rate. He stressed the importance of waiting for tariff-related price increases to fade, with the Federal Reserve prepared to adjust policies according to the latest economic data.
Global Digital Asset ETP Inflows Reach Record High Since Trump's Inauguration
On April 24, CoinShares research director James Butterfill revealed that global digital asset ETPs experienced $1 billion in inflows, bringing the week's total to $2.4 billion. This marks the highest inflow level since Trump's inauguration.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.