Author: dfmines

Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell. BTC/USDT 1-day chart. Source: TradingViewGenerally, traders keep a close eye on FOMC minutes, along with Powell’s comments, to obtain direct insights into the Fed’s take on US economic health, along with their plans for monetary policy and interest rates. In the presser, Powell confirmed that the Fed intends to leave interest rates unchanged, in its target range between 4.25% to 4.5%, where they have been since December 2024. Although the Fed downgraded its outlook for economic growth and emphasized that tamping inflation remains a sticking point, the Fed’s statements largely aligned with market participants’ expectations. Crypto and equities traders have also been forecasting the reduction of the Fed’s policy of quantitative tightening (QT), and the FOMC minutes confirmed that the central bank will reduce “the monthly redemption cap on Treasury securities from $25 billion to $5 billion.”    Changes to FOMC statement (in red). Source: FederalReserve.govRelated: Bitcoin price volatility ramps up around FOMC days — Will this time be different? In response to Fed statements, Bitcoin price added to its daily gains, rallying to an intraday high at $85,950 at the time of writing. The DOW also added 400 points, while the S&P 500 index gained 77. Powell and Fed policymakers’ verbal commitment to two additional rate cuts in 2025 also line up with crypto traders’ expectations and could further buoy the current recovery in Bitcoin price.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell. BTC/USDT 1-day chart. Source: TradingViewGenerally, traders keep a close eye on FOMC minutes, along with Powell’s comments, to obtain direct insights into the Fed’s take on US economic health, along with their plans for monetary policy and interest rates. In the presser, Powell confirmed that the Fed intends to leave interest rates unchanged, in its target range between 4.25% to 4.5%, where they have been since December 2024. Although the Fed downgraded its outlook for economic growth and emphasized that tamping inflation remains a sticking point, the Fed’s statements largely aligned with market participants’ expectations. Crypto and equities traders have also been forecasting the reduction of the Fed’s policy of quantitative tightening (QT), and the FOMC minutes confirmed that the central bank will reduce “the monthly redemption cap on Treasury securities from $25 billion to $5 billion.”    Changes to FOMC statement (in red). Source: FederalReserve.govRelated: Bitcoin price volatility ramps up around FOMC days — Will this time be different? In response to Fed statements, Bitcoin price added to its daily gains, rallying to an intraday high at $85,950 at the time of writing. The DOW also added 400 points, while the S&P 500 index gained 77. Powell and Fed policymakers’ verbal commitment to two additional rate cuts in 2025 also line up with crypto traders’ expectations and could further buoy the current recovery in Bitcoin price.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin (BTC) price action turned bullish on March. 19 as markets grew anxious for the release of the Federal Open Market Committee (FOMC) minutes and a press conference from Federal Reserve Chair Jerome Powell. BTC/USDT 1-day chart. Source: TradingViewGenerally, traders keep a close eye on FOMC minutes, along with Powell’s comments, to obtain direct insights into the Fed’s take on US economic health, along with their plans for monetary policy and interest rates. In the presser, Powell confirmed that the Fed intends to leave interest rates unchanged, in its target range between 4.25% to 4.5%, where they have been since December 2024. Although the Fed downgraded its outlook for economic growth and emphasized that tamping inflation remains a sticking point, the Fed’s statements largely aligned with market participants’ expectations. Crypto and equities traders have also been forecasting the reduction of the Fed’s policy of quantitative tightening (QT), and the FOMC minutes confirmed that the central bank will reduce “the monthly redemption cap on Treasury securities from $25 billion to $5 billion.”    Changes to FOMC statement (in red). Source: FederalReserve.govRelated: Bitcoin price volatility ramps up around FOMC days — Will this time be different? In response to Fed statements, Bitcoin price added to its daily gains, rallying to an intraday high at $85,950 at the time of writing. The DOW also added 400 points, while the S&P 500 index gained 77. Powell and Fed policymakers’ verbal commitment to two additional rate cuts in 2025 also line up with crypto traders’ expectations and could further buoy the current recovery in Bitcoin price.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Today in crypto, the United States Securities and Exchange Commission (SEC) dropped its multi-year enforcement action against Ripple, and crypto lawyer John Deaton says SEC’s allegation that XRP (XRP) is a security is now dead in its tracks. Meanwhile, Solana Labs founder says he is “ashamed” of downplaying a controversial advertisement on Solana that mocked gender identity. Solana CEO breaks silence over controversial ad backlashSolana Labs CEO Anatoly Yakovenko has broken his silence over the “America Is Back — Time to Accelerate” advertisement, which blended American patriotism and tech innovation with political messaging around gender identity.“The ad was bad, and it’s still gnawing at my soul,” Yakovenko said in a March 19 X post after receiving immense backlash over the controversial ad. Source: Anatoly Yakovenko“I am ashamed I downplayed it instead of just calling it what it is – mean and punching down on a marginalized group.”Yakovenko praised those in the Solana ecosystem who called out the “mess” that was posted on Solana’s X account, which accumulated around 1.2 million views and 1,300 comments before it was deleted roughly nine hours later.Yakovenko said he will use the learning experience to ensure Solana stays focused on open-source software development and decentralization while staying “out of cultural wars.”SEC’s failed case against Ripple is proof XRP is not a security — John DeatonCrypto lawyer and former Massachusetts Senate candidate John Deaton said the SEC’s failed lawsuit against Ripple is the final death knell in its claim that the XRP token is a security.In an interview with Cointelegraph, Deaton said the XRP token is a digital commodity, not a security. After the SEC decided to drop its case against Ripple, the blockchain company will have the opportunity to renegotiate the $125-million judgment against it, said Deaton. “Everything’s turned,” since the election of Donald Trump, said Deaton. “The election’s turned, the industry turned, the SEC [has] completely done a 180 as it relates to the industry. Why should we pay $125 million?”Earlier in the day, Ripple CEO Brad Garlinghouse called the regulator’s XRP reversal a “victory for the industry and the beginning of a new chapter.”SEC will drop its appeal against Ripple, CEO Garlinghouse saysThe United States Securities and Exchange Commission’s multi-year enforcement action against Ripple from 2021 is finally coming to an end, according to the company CEO.“This is it — the moment we’ve been waiting for. The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it,” Ripple CEO Brad Garlinghouse wrote on X on March 19.Source: Brad Garlinghouse“I’m finally able to announce that the case has ended; it’s over,” Garlinghouse said in the attached video to the X post.

Today in crypto, the United States Securities and Exchange Commission (SEC) dropped its multi-year enforcement action against Ripple, and crypto lawyer John Deaton says SEC’s allegation that XRP (XRP) is a security is now dead in its tracks. Meanwhile, Solana Labs founder says he is “ashamed” of downplaying a controversial advertisement on Solana that mocked gender identity. Solana CEO breaks silence over controversial ad backlashSolana Labs CEO Anatoly Yakovenko has broken his silence over the “America Is Back — Time to Accelerate” advertisement, which blended American patriotism and tech innovation with political messaging around gender identity.“The ad was bad, and it’s still gnawing at my soul,” Yakovenko said in a March 19 X post after receiving immense backlash over the controversial ad. Source: Anatoly Yakovenko“I am ashamed I downplayed it instead of just calling it what it is – mean and punching down on a marginalized group.”Yakovenko praised those in the Solana ecosystem who called out the “mess” that was posted on Solana’s X account, which accumulated around 1.2 million views and 1,300 comments before it was deleted roughly nine hours later.Yakovenko said he will use the learning experience to ensure Solana stays focused on open-source software development and decentralization while staying “out of cultural wars.”SEC’s failed case against Ripple is proof XRP is not a security — John DeatonCrypto lawyer and former Massachusetts Senate candidate John Deaton said the SEC’s failed lawsuit against Ripple is the final death knell in its claim that the XRP token is a security.In an interview with Cointelegraph, Deaton said the XRP token is a digital commodity, not a security. After the SEC decided to drop its case against Ripple, the blockchain company will have the opportunity to renegotiate the $125-million judgment against it, said Deaton. “Everything’s turned,” since the election of Donald Trump, said Deaton. “The election’s turned, the industry turned, the SEC [has] completely done a 180 as it relates to the industry. Why should we pay $125 million?”Earlier in the day, Ripple CEO Brad Garlinghouse called the regulator’s XRP reversal a “victory for the industry and the beginning of a new chapter.”SEC will drop its appeal against Ripple, CEO Garlinghouse saysThe United States Securities and Exchange Commission’s multi-year enforcement action against Ripple from 2021 is finally coming to an end, according to the company CEO.“This is it — the moment we’ve been waiting for. The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it,” Ripple CEO Brad Garlinghouse wrote on X on March 19.Source: Brad Garlinghouse“I’m finally able to announce that the case has ended; it’s over,” Garlinghouse said in the attached video to the X post.

Today in crypto, the United States Securities and Exchange Commission (SEC) dropped its multi-year enforcement action against Ripple. Crypto lawyer John Deaton chimed in on the development, telling Cointelegraph that the SEC’s allegation that XRP (XRP) is a security is dead in its tracks. Meanwhile, an initially crypto-skeptic Minnesota Senator introduced a Bitcoin-buying bill. SEC’s failed case against Ripple is proof XRP is not a security — John DeatonCrypto lawyer and former Massachusetts Senate candidate John Deaton said the SEC’s failed lawsuit against Ripple is the final death knell in its claim that the XRP token is a security.In an interview with Cointelegraph, Deaton said the XRP token is a digital commodity, not a security. After the SEC decided to drop its case against Ripple, the blockchain company will have the opportunity to renegotiate the $125-million judgment against it, said Deaton. “Everything’s turned,” since the election of Donald Trump, said Deaton. “The election’s turned, the industry turned, the SEC [has] completely done a 180 as it relates to the industry. Why should we pay $125 million?”Earlier in the day, Ripple CEO Brad Garlinghouse called the regulator’s XRP reversal a “victory for the industry and the beginning of a new chapter.”SEC will drop its appeal against Ripple, CEO Garlinghouse saysThe United States Securities and Exchange Commission’s multi-year enforcement action against Ripple from 2021 is finally coming to an end, according to the company CEO.“This is it — the moment we’ve been waiting for. The SEC will drop its appeal — a resounding victory for Ripple, for crypto, every way you look at it,” Ripple CEO Brad Garlinghouse wrote on X on March 19.Source: Brad Garlinghouse“I’m finally able to announce that the case has ended; it’s over,” Garlinghouse said in the attached video to the X post.Minnesota senator proposes Bitcoin Act after going from skeptic to believerMinnesota state Senator Jeremy Miller introduced the Minnesota Bitcoin Act on March 17 to allow the state to invest in Bitcoin (BTC) and other cryptocurrencies, which he drafted after completely changing his stance on the space.“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said in a statement announcing the bill.Several other US states have introduced similar Bitcoin-buying bills, with 23 states having introduced legislation to create a Bitcoin reserve, likely influenced by Senator Cynthia Lummis’ Strategic Bitcoin Reserve Act, which would see the federal government buy 1 million Bitcoin.A total of 39 different bills related to state investments in Bitcoin have been introduced across 23 US states. Source: Bitcoin LawsThe bill would allow the Minnesota State Board of Investment to invest state assets in Bitcoin and other cryptocurrencies. State employees would be able to add Bitcoin and crypto to their retirement accounts, and Minnesotans would be given the option to pay state taxes and fees with Bitcoin, among other measures.

United States lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York.Smith’s timeline echoes a similar forecast by Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months. “I think we’re close to being able to get those done for August […] they’re doing a lot of work on that behind the scenes right now,” Smith said on March 19 at the Summit, which was attended by Cointelegraph. “I’m optimistic when you have the chairs of the relevant committees in the House and the Senate and the White House that want to do something and you’ve got bipartisan votes in Congress to get it there,” she added.US President Donald Trump sits beside Treasury Secretary Scott Bessent at the March 7 White House Crypto Summit. Source: The Associated PressBipartisan supportAt the Digital Assets Summit on March 18, Democratic Congressman Ro Khanna said he believes Congress “should be able to get” both the stablecoin and crypto market structure bills passed in 2025. According to Khanna, approximately 70 to 80 Democrats see stablecoin legislation as important for promoting US influence by expanding access to dollars globally.“For the first time, those are actually like something we’re able to get done, but to do that, you need to have at least 7 Democratic votes in the Senate,” Smith said, adding that “we already have 5 votes at the committee level.”Last week, the Senate Banking Committee approved the GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins. The proposed bill sets collateralization guidelines for stablecoin issuers and mandates compliance with Anti-Money Laundering (AML) laws.In 2024, the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, also known as FIT21, which sets ground rules for crypto market structure. The bill still needs to pass in the Senate to become law. Executives in crypto have said that the industry will benefit more from US regulatory clarity than even the strategic Bitcoin reserve.On March 6, US President Donald Trump signed an executive order creating a US Strategic Bitcoin Reserve and Digital Asset Stockpile, fulfilling a campaign promise he made in 2024.“Markets expect a roadmap for innovation and clear guidelines on stablecoins, institutional adoption and taxation,” Max Giammario, CEO of Web3 artificial intelligence startup Kindred, told Cointelegraph in March.Magazine: Unstablecoins: Depegging, bank runs and other risks loom

United States lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York.Smith’s timeline echoes a similar forecast by Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months. “I think we’re close to being able to get those done for August […] they’re doing a lot of work on that behind the scenes right now,” Smith said on March 19 at the Summit, which was attended by Cointelegraph. “I’m optimistic when you have the chairs of the relevant committees in the House and the Senate and the White House that want to do something and you’ve got bipartisan votes in Congress to get it there,” she added.US President Donald Trump sits beside Treasury Secretary Scott Bessent at the March 7 White House Crypto Summit. Source: The Associated PressBipartisan supportAt the Digital Assets Summit on March 18, Democratic Congressman Ro Khanna said he believes Congress “should be able to get” both the stablecoin and crypto market structure bills passed in 2025. According to Khanna, approximately 70 to 80 Democrats see stablecoin legislation as important for promoting US influence by expanding access to dollars globally.“For the first time those are actually like something we’re able to get done, but to do that you need to have at least 7 Democratic votes in the Senate,” Smith said, adding that “we already have 5 votes at the committee level.”Last week, the Senate Banking Committee approved the GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins. The proposed bill sets collateralization guidelines for stablecoin issuers and mandates compliance with Anti-Money Laundering (AML) laws.In 2024, the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, also known as FIT21, which sets ground rules for crypto market structure. The bill still needs to pass in the Senate to become law. Executives in crypto have said that the industry will benefit more from US regulatory clarity than even the strategic Bitcoin reserve.On March 6, US President Donald Trump signed an executive order creating a US Strategic Bitcoin Reserve and Digital Asset Stockpile, fulfilling a campaign promise he made in 2024.“Markets expect a roadmap for innovation and clear guidelines on stablecoins, institutional adoption and taxation,” Max Giammario, CEO of Web3 artificial intelligence startup Kindred, told Cointelegraph in March.Magazine: Unstablecoins: Depegging, bank runs and other risks loom

United States lawmakers are on track to pass legislation setting rules for stablecoins and cryptocurrency market structure by as soon as August, Kristin Smith, CEO of industry advocacy group the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit in New York.Smith’s timeline echoes a similar forecast by Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, who said on March 18 that he expects to see comprehensive stablecoin legislation in the coming months. “I think we’re close to being able to get those done for August […] they’re doing a lot of work on that behind the scenes right now,” Smith said on March 19 at the Summit, which was attended by Cointelegraph. “I’m optimistic when you have the chairs of the relevant committees in the House and the Senate and the White House that want to do something and you’ve got bipartisan votes in Congress to get it there,” she added.US President Donald Trump sits beside Treasury Secretary Scott Bessent at the March 7 White House Crypto Summit. Source: The Associated PressBipartisan supportAt the Digital Assets Summit on March 18, Democratic Congressman Ro Khanna said he believes Congress “should be able to get” both the stablecoin and crypto market structure bills passed in 2025. According to Khanna, approximately 70 to 80 Democrats see stablecoin legislation as important for promoting US influence by expanding access to dollars globally.“For the first time those are actually like something we’re able to get done, but to do that you need to have at least 7 Democratic votes in the Senate,” Smith said, adding that “we already have 5 votes at the committee level.”Last week, the Senate Banking Committee approved the GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins. The proposed bill sets collateralization guidelines for stablecoin issuers and mandates compliance with Anti-Money Laundering (AML) laws.In 2024, the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, also known as FIT21, which sets ground rules for crypto market structure. The bill still needs to pass in the Senate to become law. Executives in crypto have said that the industry will benefit more from US regulatory clarity than even the strategic Bitcoin reserve.On March 6, US President Donald Trump signed an executive order creating a US Strategic Bitcoin Reserve and Digital Asset Stockpile, fulfilling a campaign promise he made in 2024.“Markets expect a roadmap for innovation and clear guidelines on stablecoins, institutional adoption and taxation,” Max Giammario, CEO of Web3 artificial intelligence startup Kindred, told Cointelegraph in March.Magazine: Unstablecoins: Depegging, bank runs and other risks loom