FameEX Morning Crypto News Recap | June 9, 2025
2025-06-09 06:52:10Trump: Fed Chair Appointment Decision to Be Revealed Soon
On June 7, President Trump stated the Federal Reserve Chair appointment results will be announced soon, emphasizing the need for a chair who will lower interest rates. He also mentioned potentially cutting government contracts linked to Elon Musk.
Federal Reserve Survey: 52% of Americans Struggle with $2,000 Emergency Expenses
A Federal Reserve survey on June 7 found that 52% of Americans can't cover a $2,000 emergency expense with savings, and 31% are unable to afford a $500 unexpected cost.
Trump Advisor: 4.7% GDP Growth to Support Great American Beautification Act
Trump advisor Dick Morris highlighted that Federal Reserve data shows 4.7% GDP growth in the first two months of the quarter, surpassing the Congressional Budget Office's 1.8% forecast. Morris believes that with continued growth, the Great American Beautification Act will not raise the deficit.
House Financial Services Committee Examines President Trump's Crypto Crime Legislation
Cryptocurrency journalist Eleanor Terrett reported that the House Financial Services Committee, chaired by Maxine Waters, will hold a Minority Day hearing at 9:00 AM JST to review President Trump's 'crypto crime' legislation. Key issues include preventing Trump’s involvement in the cryptocurrency bill (HR 3573).
U.S. Congressman Introduces Gold Reserve Transparency Act for Comprehensive Audit
On June 6, U.S. Congressman Thomas Massie, joined by Troy Nehls, Addison McDowell, and Warren Davidson, proposed the Gold Reserve Transparency Act (H.R. 3795), mandating a comprehensive audit, inventory, and examination of all U.S. gold holdings.
Hong Kong Stablecoin Regulations Mandate Licensed Institutions to Sell Fiat Stablecoins
Hong Kong's stablecoin regulations specify that only licensed institutions can sell fiat stablecoins, and only those issued by licensed issuers can be sold to retail investors.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.