FameEX Morning Crypto News Recap | August 6, 2025
2025-08-06 04:38:55Trump to Sign Executive Order Investigating Cryptocurrency and Conservative De-banking Issues
President Trump intends to sign an executive order directing federal banking regulators to investigate claims of discriminatory de-banking practices against the cryptocurrency industry and conservative individuals or groups. The draft order compels agencies to examine whether banks have breached antitrust laws, consumer financial protection rules, or fair lending regulations.
SEC Issues Statement: Liquidity Staking Activities Not Deemed Securities
The U.S. SEC stated that liquidity staking activities are not securities, offering legal clarity and reducing uncertainty for crypto participants.
Trump Faults Powell’s Delay in Cutting Rates, Looks at New Fed Chair Picks
On August 5, President Trump criticized Federal Reserve Chair Jerome Powell on CNBC, claiming Powell acted politically and delayed rate cuts. Trump expressed dissatisfaction with Powell’s performance and noted he is evaluating several outstanding candidates to lead the Federal Reserve.
Mixed Trading Sentiment in Options Market Highlights Ethereum’s Key Support and Resistance Levels
Greeks.Live’s August 5 briefing highlighted a noticeable split in cryptocurrency options market sentiment. Traders are closely monitoring Ethereum’s critical price points at $4,000 and $3,582.
Peter Schiff Warns Inflation Data Could Alter Fed Rate Cut Outlook
Peter Schiff cautioned that a Federal Reserve rate cut in September is far from guaranteed. While markets initially rallied on expectations of easing, stronger inflation data has reduced that likelihood. Schiff believes inflation concerns will take precedence over slowing job growth in the Fed’s decision-making process.
Fed Rate Cuts Likely in 2026, Says Bank of America Chief
On August 6, Bank of America CEO Brian Moynihan stated that due to slow inflation decline, the Federal Reserve is unlikely to cut rates in 2025. He expects rate cuts to begin in 2026.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.