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dismal-jellyfish

CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks."

"The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity" Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8
dismal-jellyfish ๐Ÿ“ฐ News

M2 money supply is shrinking! Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of 4.05% versus a year ago. M2 has now contracted on an annual basis for four straight months.

December was M2โ€™s first year-over-year contraction ever. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL https://www.federalreserve.gov/releases/h6/current/default.htm TLDRS: Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Fed Alert! Expectations and eligibility criteria for Reverse Repo (RRP) counterparties have been updated to clarify that accessing RRP operations should be a natural extension of an existing business model...

The counterparty should not be organized for the purpose of accessing RRP operations. Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425 * The Policy on Counterparties for Market Operations has been updated to clarify that, in addition to implementing monetary policy, broader policy goals including fostering financial stability and
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Fed Alert! Update to policy on Counterparties for Market Operations and Reverse Repurchase Counterparties: "in addition to implementing monetary policy, broader policy goals including fostering financial stability & ensuring bank safety & soundness"

"in addition to implementing monetary policy, broader policy goals including fostering financial stability & ensuring bank safety & soundness, are considered when reviewing counterparties." Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425 * The Policy on Counterparties for Market Operations has been updated to clarify that, in
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics