Macroeconomic Outlook and Institutional Crypto Licensing Developments
Macroeconomic Outlook and Institutional Crypto Licensing Developments
Experts express concern over the high odds against Federal Reserve rate cuts and the potential for uncertainty with a new Fed chair. Concurrently, Galaxy has successfully obtained a New York BitLicense, allowing it to broaden its institutional crypto trading and financing services within the highly regulated US market.
Many experts voiced concerns that the confirmation of Kevin Warsh as Federal Reserve chair would lead to uncertainty about the central bank’s independence, particularly in setting interest rates.
The NYDFS approvals allow GalaxyOne Prime NY to offer trading and financing services to institutional investors in one of the most tightly regulated US crypto markets.