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🌙 Trump Is Taking On the Fed—With Crypto as the Tip of the Spear

Anticipated moves by President Trump and Senate Republicans appear intent on using crypto policy to achieve a broader goal: ending the Fed’s independence.

Author

Mike Gavela
March 20, 2025

Crypto Roundup - March 20

President Donald Trump is actively positioning the U.S. to become a leader in the cryptocurrency sector by attempting to limit the Federal Reserve's independence and ending what he calls the "war on Bitcoin." This strategy involves significant policy shifts aimed at enhancing U.S. dominance in cryptocurrency and artificial intelligence. In a notable policy alignment, Senator Elizabeth Warren, a long-standing critic of cryptocurrency practices, supports Trump's initiative to end the debanking of crypto firms, signaling a potentially transformative shift in the regulatory landscape for digital currencies.

Top Stories

  • Trump Aims to End Federal Reserve's Independence: leveraging crypto policy as a strategic tool to challenge the Fed's control.

  • Warren Supports Crypto Initiatives: Senator Elizabeth Warren collaborates with the Trump administration to halt debanking activities against crypto firms.

  • U.S. to Become a Crypto Superpower: Trump commits to regulatory reforms to establish the U.S. as the global leader in blockchain innovation.

TOP STORIES

Trump Is Taking On the Fed—With Crypto as the Tip of the Spear - Decrypt

Anticipated moves by President Trump and Senate Republicans appear intent on using crypto policy to achieve a broader goal: ending the Fed’s independence.

decrypt.co/310882/trump-taking-on-fed-crypto-tip-spear

Trump Vows to Make U.S. the “Undisputed Bitcoin Superpower” - "The Defiant"

Trump became the first U.S. President to speak at a crypto conference following his virtual address at the Blockworks Digital Assets Summit.

thedefiant.io/news/regulation/trump-vows-to-make-u-s-the-undisputed-bitcoin-superpower

Aerodrome Founder Denies that Coinbase 'Stabbed Them in the Back' - "The Defiant"

Aerodrome Finance founder Alex Cutler says Coinbase’s decision to launch its new KYC Verified Pools on Uniswap rather than Aerodrome was no stab in the back. Rather, it was Aerodrome’s decision not to participate.

thedefiant.io/news/defi/aerodrome-founder-denies-that-coinbase-stabbed-them-in-the-back

FUNDRAISING

Exclusive: Walrus Foundation raises $140 million from Standard Crypto and a16z for a high speed storage network

The foundation supports the Walrus protocol, a decentralized network for storing files.

fortune.com/crypto/2025/03/20/walrus-fundraise-140-million-2-andreessen-horowitz

OTHER HEADLINES

First-ever CFTC-regulated XRP futures debuts in the US

Bitnomial introduces the first CFTC-regulated XRP futures in the US, offering a physically settled way for traders to engage with XRP.

cryptobriefing.com/xrp-futures-launch-us

FTX dropped lawsuit against Allan Bankman and Barbara Fried

According to the filing, the lawsuits against Allan Bankman and Barbara Fried have been dismissed without prejudice.

protos.com/ftx-dropped-lawsuit-against-allan-bankman-and-barbara-fried

Fed holds interest rates, indicates 50bps cut by end of year

FOMC leaves rates unchanged and lowers growth expectations for 2025; BTC, ETH and stocks trade slightly higher in response.

blockworks.co/news/fed-holds-interest-rates-2025

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