COINDESK DAILY: U.S. Inflation Forecast, BITCOIN Act Boosts BTC
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 March 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry from the U.S. inflation forecast to the reintroduction of Senator Lummis' BITCOIN Act.
U.S. inflation report expectations and the reintroduction of Senator Cynthia Lummis' BITCOIN Act are giving BTC a boost Wednesday. Plus, the U.S. House overturns an IRS broker rule on DeFi and the U.S. SEC delays XRP, DOGE, LITE ETFs. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:49.8 | Bitcoin rebounding ahead of a US inflation report and the reintroduction of the Bitcoin Act. |
| 0:55.8 | It's Wednesday, March 12, 2025. I'm Christine Lee. This is CoinDest Daily. |
| 1:05.7 | Bitcoin rebounding ahead of Wednesday's Consumer Price Index results that are expected to report a drop in year-over-year inflation from 3% to 2.9%. |
| 1:14.6 | Lower inflation could raise the chance of interest rate cuts that might boost riskier assets such as cryptocurrencies. |
| 1:20.6 | A hotter than expected CPI report could keep interest rates higher for longer, making risky assets less attractive. |
| 1:28.7 | Bitcoin also getting a boost from Senator Cynthia Lummis's reintroduction of the Bitcoin Act Tuesday, |
| 1:34.6 | a bill that authorizes the U.S. government to purchase $1 million Bitcoin, valued at approximately $80 billion, |
| 1:41.4 | over five years to establish a strategic reserve. The legislation aims to fund |
| 1:46.8 | the acquisition using federal reserve earnings and updated gold valuations, with the treasury |
| 1:51.6 | mandated to hold the Bitcoin for at least 20 years to bolster the U.S. economy and global financial |
| 1:57.3 | standing. Separately, the U.S. House of Representatives voted to overturn an IRS |
| 2:02.1 | rule that classified a decentralized finance platforms as brokers, requiring them to collect |
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