Trump announces 90-day tariff suspension, cryptocurrency prices soar
Trump’s announcement of a 90-day tariff suspension triggered a strong rebound in the cryptocurrency market and triggered a total of $587 million in contract liquidations, including $374 million in short contract positions.
Bond market suddenly changed after Trump delayed tax collection
The bond market has changed significantly after Trump announced the postponement of tariffs. Trump pointed out that earlier tariff concerns had pushed long-term yields higher, but now they have fallen back. He called the bond market “beautiful” and emphasized that he would closely monitor the dynamics after the change in market sentiment.
CFTC revised its crypto asset regulatory strategy to end the litigation-oriented approach
CFTC Acting Chairman Caroline D. Pham supported the Department of Justice’s decision to end the regulation of cryptocurrencies through litigation. She instructed the CFTC that in digital asset cases, if the defendant lacks subjective intent to violate the law, it should not be prosecuted solely based on registration violations under the Commodity Exchange Act, marking a shift in regulatory strategy to a clearer path.
Fed Minutes: Keeping Interest Rates Unchanged Amid Economic Uncertainty
The Fed minutes showed that all participants unanimously supported keeping the current interest rate unchanged due to high economic uncertainty, but most officials were concerned that inflationary pressures might last longer than expected.
Paul Atkins confirmed as SEC Chairman, focusing on digital asset regulation
The U.S. Senate approved U.S. President Trump’s nomination of the new SEC Chairman by 52 votes to 44 and confirmed that Paul Atkins would serve as Chairman of the Securities and Exchange Commission (SEC). Paul Atkins emphasized that establishing a regulatory framework for digital assets would be his top priority after taking office. His consulting firm has provided a number of services to cryptocurrency exchanges and decentralized finance (DeFi) platforms.
Trump’s suspension of tariffs has boosted the crazy rise of risky assets
John Canavan of the Oxford Economics Institute pointed out that Trump’s statement on tariffs was very vague and that he might suspend or reduce the tax rate to 10%. Although the most serious tariff threats have been lifted, which is beneficial to risky assets, there is still uncertainty about the future direction of tariffs, which limits further market confidence.
