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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
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Toly: The BTC executive order eliminates regulatory uncertainty, but more regulatory support is still needed.
Odaily Planet Daily News Solana co-founder Toly commented on the latest BTC executive order EO, stating that it is as precise as a scalpel, further eliminating the regulatory uncertainty faced by the industry over the past four years, but will not provide government assistance to the encryption market. Toly said that he is not opposed to this executive order, but more regulatory policies are still needed, including: Stablecoin legislation to clarify issuance and usage rules. Banking regulatory guidelines allow banks to handle encryption assets. Clear rules from the SEC and CFTC to standardize token issuance and DeFi regulation.