U.S. Treasury Secretary Highlights Two Major Developments for January
Cryptocurrency markets brace for turbulence as U.S. Treasury Secretary Bessent signals a volatile January. Investors face mounting anxieties after a dismal 2025, with Japan's recent interest rate decisions exacerbating downward pressure. Two critical events loom: the announcement of a new Federal Reserve Chair and a Supreme Court ruling on customs tariffs—both poised to reshape market dynamics.
The tariff decision, following contentious November hearings, threatens to compound crypto's woes. Lower court rulings suggest an adverse outcome for Trump, who warns of economic collapse if tariffs are overturned. Meanwhile, the potential delisting of crypto reserve companies from MSCI indexes on January 15 casts another shadow over the new year.