Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Shiba Inu (SHIB) can experience price changes as a result of some developments on a global scale. So, what are the dates that may affect cryptocurrencies in the near future? As Kriptokoin.com, we are providing the details…
BTC, SHIB and cryptos await Biden’s crypto decision
Discussions between crypto firms and the US government on how to impose sanctions against Russia seemed to have dragged on and It caught the attention of the White House. US President Joe Biden will sign an executive order this week outlining the US government’s strategy on cryptocurrencies, ending a two-week stalemate since the US began imposing sanctions against Russia, according to a report by Bloomberg on Monday. .
While the White House claims that there is no such thing, the Executive Order’s comprehensive addressing of the regulatory, economic, and national security challenges posed by cryptoassets and federal agencies in the second half of 2022 It is expected to require them to submit their reports before the expiration date. The decision is expected to be announced this week.
Fed rate decision expected
Powell told the House Financial Services Committee during a monetary policy session overshadowed by the conflict in Europe, “There are events that have not happened yet, and their real impact on the US economy. We don’t know what will happen,” he said. But right now, he said, the Fed is moving largely to raising the target rate to rein in the highest inflation since the 1980s. The decisions of the US Federal Reserve often lead to sudden price changes in cryptocurrencies. For this reason, investors may want to take note of the date of March 15-16, when the meeting will be held. The interest rate decision will be announced on March 16 at 22.00 CET.
The European Parliament will vote on a crypto bill
In a message shared on Twitter Monday, member of the European Parliament’s Committee on Economy and Monetary Affairs, Stefan Berger, the committee said: He said he will vote on the Crypto Assets Markets (MiCA) framework on March 14 after the final draft of the bill is submitted. Berger, who was appointed to report proceedings on the bill, said the legislation will no longer include texts that some have interpreted as “prohibitive future proof of work crypto mining.”
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