FameEX Morning Crypto News Recap | April 25, 2025
2025-04-25 00:34:39U.S. House of Representatives to Unveil New Draft Legislation on Crypto Market Structure
The U.S. House of Representatives plans to introduce new draft legislation on crypto market structure by the end of this month. The draft may draw from the Financial Innovation and Technology Act of the 21st Century (FIT21) passed by the previous Congress.
Federal Reserve Pulls Back Regulatory Guidance on Crypto Assets and Dollar Tokens
On April 24, 2025, the Federal Reserve withdrew regulatory guidance on banks' involvement with crypto assets and dollar tokens. This includes revoking the 2023 regulatory letter that required banks to obtain no-objection opinions before engaging in dollar token activities.
U.S. SEC to Host Crypto Roundtable on April 26
The U.S. SEC will host a crypto roundtable on April 26 from 1 AM to 5 AM UTC+8, focusing on custody issues. The event will feature two panel discussions: one on broker-dealer and wallet custody, and another on investment advisor and investment company custody.
Bitcoin Exchange Net Flow Reaches Two-Year Low as Whales Keep Accumulating
CryptoQuant data reveals that Bitcoin exchange net flows have been the most negative since the 2023 bull market, with exchange balances falling. Bitcoin reserves dropped to 2.535 million BTC in April, down over 7% from the start of the year. Large holders increased positions, while small investors sold off.
Federal Reserve Governor Waller: Higher Unemployment Rate Could Lead to Interest Rate Cuts
Federal Reserve Governor Waller indicated that interest rate cuts could begin if the unemployment rate rises. He emphasized waiting for tariff-driven price increases to subside, with the Federal Reserve ready to adjust policies based on evolving economic data.
Global Digital Asset ETP Inflows Hit New High Since Trump's Inauguration
On April 24, CoinShares research director James Butterfill reported that global digital asset ETPs saw $1 billion in inflows, bringing this week's total to $2.4 billion. This marks the highest inflow 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.