FameEX Morning Crypto News Recap | August 6, 2025
2025-08-06 04:37:40Trump Set to Sign Executive Order to Probe Cryptocurrency Industry and Conservative De-banking Claims
President Trump plans to sign an executive order instructing banking regulators to investigate de-banking allegations targeting the cryptocurrency industry and conservatives. The order mandates a review of potential violations of antitrust, consumer protection, and fair lending laws by financial institutions.
U.S. SEC Clarifies Liquidity Staking Is Not Classified as a Security
The U.S. SEC issued a formal statement confirming that liquidity staking activities are not classified as securities under current regulations.
Trump Blames Powell’s Slow Rate Cuts, Mulls Replacing Federal Reserve Chair
On August 5, President Trump told CNBC’s Squawk Box that Fed Chair Jerome Powell acted politically and cut rates too late. Trump criticized Powell’s timing and revealed he’s considering several strong candidates to potentially replace him as Federal Reserve chair.
Diverging Sentiment Emerges in Crypto Options Market Amid Focus on Key Ethereum Price Levels
On August 5, Greeks.Live reported a clear divergence in trading sentiment within the cryptocurrency options market, with traders focusing on Ethereum’s key price levels at $4,000 and $3,582.
Peter Schiff: Inflation Report Might Influence Federal Reserve’s Rate Decisions
Economist and crypto critic Peter Schiff argued that a September rate cut is uncertain, despite earlier market optimism. He noted that rising inflationary pressures have diminished the chances of a cut, suggesting they will outweigh concerns over weakening employment growth in shaping Federal Reserve policy decisions.
Bank of America CEO Expects Fed to Begin Rate Cuts in 2026
On August 6, Bank of America CEO Brian Moynihan said their economists do not expect any rate cuts in 2025, citing persistent inflation. He believes the Federal Reserve will begin lowering interest rates in 2026 as inflation gradually declines.
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