Crypto isn’t the Problem with the US Economy, Says Senator

Cody Carbone, CEO of the cryptocurrency advocacy group The Digital Chamber, received a largely muted response to his testimony at a Senate Banking Committee hearing on affordability. In a Tuesday hearing titled The Affordability Agenda, Carbone said that the digital asset industry could help solve affordability problems in the United States, including through faster and…

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Bank of America: Fed’s Inflation Problem ‘Unambiguously Worse’ as It Forecasts 3 Rate Hikes in 2026

Key Takeaways Bank of America forecasts three 25-basis-point Fed hikes in September, October, and December of this year. BofA Economist Aditya Bhave believes the Fed’s inflation problem has gotten “unambiguously worse” over the last couple of years. The projected hikes would lift the federal funds rate to 4.25%-4.5%, a headwind for crypto. A Sharp Reversal…

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