US Treasury Department to host closed-door policy roundtables this week with crypto KOLs

Source Cryptopolitan

The US Department of the Treasury is set to hold a series of private roundtables with key players in the crypto industry. This isn’t just a casual chat; these talks are meant to dive into critical topics that will change the future of crypto in the US.

The planned meetings are set to focus on topics such as stablecoins, DeFi, banking relationships, and cybersecurity. 

Firstly, there is a stablecoins session scheduled for May 15 to discuss how to prevent sanctions evasion, secondary market monitoring, freezing capabilities, and compliance risks. 

Meanwhile, Dems – the biggest crypto critics- are confused. Rep. Maxine Waters spoke out against the crypto policy, and some Dems from the Financial Services Committee left and joined Waters for a separate “shadow hearing” on “Trump’s crypto corruption.” 

Other party members stayed in the room to take part in the meeting. Unlike GOP leadership that has fully supported Trump on crypto regulation, Dems have different ideas about how to regulate crypto. 

Major US event of the week set to influence stock and crypto markets

The April Consumer Price Index (CPI) figures will be released on Tuesday. As the main event this week, investors will keep a close eye on the reported and core CPI to see if they show that inflation is going down.

If the CPI number is lower than expected, it could bring back hopes for rate cuts as early as September. This is especially true due to recent signs of slowing growth and job market indicators. If things go up, it could support a Fed policy of keeping rates high for longer.

This information will likely have a direct effect on the yields on US Treasury bonds, the value of the dollar, and investors’ willingness to take risks with stocks. Inflation going down would support a more accommodating broader setting for crypto markets, which could lead to more money flowing into the crypto industry.

SEC’s roundtable on tokenization

In addition, today, the US Securities and Exchange Commission (SEC) will hold a private roundtable on asset tokenization. This is an important area for regulators and KOLs to address due to traditional finance (TradFi) blockchain-based settlement systems and tokenized securities.

Even though it wasn’t open to the public, any leaks or comments made after the meeting could have a big effect on how investors respond, especially about how clear the rules are for Real-World Assets (RWAs) and DeFi protocols.

Crypto users will look for signs that the SEC is changing its mind or getting ready to release new rules. This could change how people feel about both systems focusing on tokenization and crypto assets based in the US.

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Disclaimer: For information purposes only. Past performance is not indicative of future results.
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