Yesterday, the law called Genius approved by the House of Representatives and was sent to Trump. We mentioned that there will be a signing ceremony today. Trump praised the stablecoins and the future at the ceremony at 21:30. Soon he said he wanted to sign the bills related to other crypto. While he was talking, Fed member Goolsbee also made a statement.
Trump and Crypto Money Law
To stablecoins legitimate Genius It was finally signed by Trump. Until August, I want to see it on my desk because the accelerated process is over early than expected. This week, some Republicans resisted the law for the law, even Trump told them what they had to do, convinced them.
Trump spoke about both stablecoins, crypto coins and tariffs.
“Big agreements will be announced soon. A few important trade letters will be sent. When I send 35 %, 40 %documents, an agreement is made.
Stablecoin The bill, crypto- It is a big step for it, it is accepted. Stablecoins are a revolution for Fintech. Money transfers are costly and take a lot of time. We will not allow the dollar to depreciate. Losing our reserve currency status is like losing war.
The Central Bank Digital Currency (CBDC) will never take place in the USA.
This year we are determined to sign the crypto market legislation. I will sign the decree that prohibits CBDC soon. ”
FED explanations
Today, Waller said that a discount can be made again in July. Waller, who is one of the names that may be the President of the FED, has long voiced the opinion of the July discount for a long time. The reason for this shows relaxation in new job opportunities and consumer recovery in the expectation of inflation. Goolsbee said a few weeks ago, a few weeks ago, said:
“Inflation In order to understand the effect on it, a decision should be taken on customs duties. The explanations made in drops of customs duties mean that we cannot claim that customs duties mean a one -time increase at the price level.
Everything that makes it difficult to understand if we go to inflation 2 %extends the calendar for interest rate cuts. We have to wait and see. The fact that inflation is more moderate for a few months makes me more comfortable. If uncertainty disappears, interest rates will fall. If there is a deterioration in the labor market, this would be an important factor in my thoughts. ”
So it is no longer in favor of the July discount. At least we understand this from the last statement.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
