Crypto can’t afford to wait for perfect regulation

The post New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together appeared on BitcoinEthereumNews.com. Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, arrives for a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025. The Senate Banking Committee’s examination of Stephen Miran’s appointment will provide the first extended look at how prominent Republican senators balance their long-standing support of an independent central bank against loyalty to their party leader. Photographer: Daniel Heuer/Bloomberg via Getty Images Daniel Heuer | Bloomberg | Getty Images Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut. Miran, who was confirmed by the Senate to the Fed Board of Governors on Monday, was the sole dissenter in the Federal Open Market Committee’s statement. Governors Michelle Bowman and Christopher Waller, who had dissented at the Fed’s prior meeting in favor of a quarter-point move, were aligned with Fed Chair Jerome Powell and the others besides Miran this time. Miran was selected by Trump back in August to fill the seat that was vacated by former Governor Adriana Kugler after she suddenly announced her resignation without stating a reason for doing so. He has said that he will take an unpaid leave of absence as chair of the White House’s Council of Economic Advisors rather than fully resign from the position. Miran’s place on the board, which will last until Jan. 31, 2026 when Kugler’s term was due to end, has been viewed by critics as a threat from Trump to the Fed’s independence, as the president has nominated three of the seven members. Trump also said in August that he had fired Federal Reserve Board Governor…

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The post Bitcoin Steady as Fed Delivers First Rate Cut in 9 Months appeared on BitcoinEthereumNews.com. The Federal Reserve announced today a cut in interest rates by 25 basis points, citing unsteady labor market conditions and increased inflation.  For the typical American, these rate cuts mean lower borrowing costs and may be a positive catalyst for the crypto market. However, the decision also carries intensified inflation risks and increased concerns over the Fed’s independence. Fed Cuts Rates for the First Time in 9 Months Bitcoin’s price held steady immediately after the US Federal Reserve cut interest rates by 25 basis points on Wednesday. Sponsored Sponsored The Federal Open Market Committee (FOMC) did what many economists and traders predicted: It cut the benchmark federal funds rate to a lower range of between 4.00% and 4.25%. This is the first rate cut in nine months, and follows a 25 basis-point cut in December 2024. 93% of Polymarket voters predicted a rate cut of 25 bps during today’s FOMC meeting. Source: Polymarket. “In support of its goals, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4-1/4 percent,” the Federal Reserve said in a statement. “Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated.” Regarding the possibility of further rate cuts, it said: “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.” The decision’s impact on Bitcoin may also positively affect the rest of the crypto market in the coming days.  A Positive Catalyst for Crypto? The crypto market was cautiously optimistic before the Fed…