#weekendresults

The US national debt has exceeded $36 trillion, the Russian Cabinet of Ministers has approved the taxation of cryptocurrencies, and Donald Trump has created DOGE – we sum up the results of the week.

💸 Cryptocurrencies

📍 Pennsylvania Wants to Implement a Strategic Bitcoin Reserve and Plans to Buy $700 Million in BTC

Pennsylvania may be followed by other states, which will greatly affect the adoption of BTC reserves in the US at the state level.

And Senator Cynthia Lummis added fuel to the fire by proposing to sell part of the US gold reserves to buy BTC 😃

📍 18 US states have filed a lawsuit against the SEC for the regulator's abuse of power and persecution of the crypto industry. And Gary Gensler is thinking about retirement.

XRP has risen 115% in a week and is trading at $1.15. The market believes in Gary's imminent departure and a complete U-turn in the SEC's policy towards cryptocurrencies.

The nuance is that changing the head of the SEC will not make the crypto industry better. Who will we blame all the problems on? 👌

📍 The Russian Cabinet of Ministers has approved the rules for taxing cryptocurrencies and will introduce restrictions for miners in some regions until 2031.

Legalization of cryptocurrency is in full swing according to the system - pay taxes in exchange for nothing from the state. We expect more control from banks, more questions from the Federal Tax Service and more people willing to leave for another country 😏

💵 Finance

📍 Donald Trump announced the creation of DOGE (Department of Government Efficiency) and appointed Elon Musk and Vivek Ramaswamy as its heads. Meanwhile, the US national debt has exceeded $36 trillion, so Elon will definitely have something to do.

History shows that every time the government begins to fight bureaucracy, government bodies begin to work even worse.

Will Musk, as an outsider with a lot of influence on the president, be able to defeat the bureaucrats or will it all end in another DOGE pump 🙃

📍 US inflation rose to 2.6% and exactly matched the forecast, but Jerome Powell signaled a potential pause in the Fed rate cut.

Powell's speech has investors wondering again about how well the US economy is doing, and there's also the potential confrontation between the Fed and the White House after Trump's inauguration on January 20 ✊

📍 In 2025, oil supply will exceed demand by 1 million barrels per day. Brent is trading at $71 again.

Israel is not letting us get bored, but the conflict remains local and affects the market. Meanwhile, the world's main oil buyer, China, shows no signs of demand growth, while Canada, the US and other countries intend to increase production.

Trump promised $50 oil, and it could become a reality next year without much effort 📦

#итогинедели