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FameEX Morning Crypto News Recap | May 26, 2023

2023-05-26 11:47:45

JPMorgan CEO Cautions: "Everyone Should Prepare for Higher Interest Rates"
During JPMorgan Chase's investor day event, CEO Jamie Dimon cautioned that people should be prepared for higher interest rates, contrary to market expectations of a rate hike pause. Dimon also addressed concerns about the commercial real estate sector following remarks by Berkshire Hathaway's Charlie Munger.

IMF Predicts Limited Change in US Dollar Reserves Amidst Growing De-Dollarization Trend
The International Monetary Fund (IMF) does not anticipate a swift change in U.S. dollar reserves despite the growing de-dollarization trend and concerns about a potential U.S. debt default. IMF Managing Director Kristalina Georgieva stated that people should not bid farewell to their dollars just yet, expressing confidence that the U.S. will meet its debt obligations.

Florida Governor Ron DeSantis Enters US Presidential Race, Vows to Safeguard Bitcoin
Governor Ron DeSantis of Florida announced his candidacy for the 2024 United States presidential election during a virtual discussion with Elon Musk, the owner of Twitter. DeSantis will join the race alongside President Joe Biden and other candidates, including Donald Trump, Robert F. Kennedy Jr., Nikki Haley, and Vivek Ramaswamy.

Meeting Hosted by Iran Brings Together 9 Asian Countries to Discuss De-Dollarization Measures
Officials from nine Asian countries, comprising the Asian Clearing Union (ACU), have convened in Tehran for their annual meeting with a focus on de-dollarization. The meeting included representatives from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, as well as attendees from Russia, Belarus, and Afghanistan.

Crypto Community Reacts to Germany's Recession
Opinions within the crypto community vary regarding the impact of Germany's recession on the crypto economy. While some members anticipate bullish outcomes, others believe that both crypto and other speculative markets may suffer. The potential effects of the recession on the crypto space remain a subject of debate among community members.

Microsoft Calls on Lawmakers and Companies to Enhance AI Guardrails
During a panel discussion with US lawmakers in Washington D.C., Microsoft President Brad Smith urged the implementation of regulations to address the risks associated with artificial intelligence (AI). He called for the inclusion of "safety brakes" in AI systems controlling critical infrastructure and the establishment of a comprehensive legal and regulatory framework for AI.

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