According to @0xferg, the new SEC has shifted direction and shared additional details on a government effort called Project Crypto, which he describes as potentially the most bullish initiative to date (source: @0xferg on X). According to @0xferg, markets "can’t believe it" and there has been no response yet, while he reports multiple conversations on Wall Street regarding the development (source: @0xferg on X). According to @0xferg, the provided post text does not specify concrete measures or timing for Project Crypto, limiting publicly available details for traders at this time (source: @0xferg on X).

According to @KobeissiLetter, since the 'Fed pivot' in September 2024, market-based inflation expectations have more than doubled, reaching +3.3% over the next two years, the highest since March 2023. This shift indicates a significant market disbelief in the Fed's ability to control inflation, impacting trading strategies and asset valuations.