Key points:

• Crypto.com CEO Kris Marszalek predicts a potential Fed rate cut in September, which could boost crypto markets, lower borrowing costs, and increase liquidity for riskier assets.
  
• Crypto.com posted $1.5 billion in revenue and $1 billion in gross profit last year, and while Marszalek says the company is financially positioned for a potential IPO, no decision has been made.
  
• Broader macroeconomic trends, such as interest rate changes and labor market shifts, could significantly impact trading activity and investor behavior across the crypto market.

In a Tuesday interview with Bloomberg, Marszalek said Crypto.com’s revenue is expected to improve this year, particularly if the Federal Reserve implements a rate cut and the fourth quarter sees strong market performance. He expressed confidence in a potential rate reduction at the Fed’s September 17 meeting, noting that lower rates typically benefit crypto by making borrowing cheaper and increasing liquidity for higher-risk investments.

After Fed Chair Jerome Powell’s August Jackson Hole speech, which suggested potential monetary easing, CME futures markets now indicate a 91.7% likelihood of a rate cut.

Powell’s comments at the Jackson Hole symposium prompted major banks, including Morgan Stanley, Barclays, BNP Paribas, and Deutsche Bank, to revise their forecasts, now anticipating a September rate cut. The Fed Chair emphasized signs of a softening labor market, noting July’s modest 73,000 payroll gains and downward revisions to prior months’ data.

In the interview, Marszalek also disclosed that Crypto.com posted $1.5 billion in revenue and $1 billion in gross profit last year, and he forecasted stronger performance in 2025 fueled by lower borrowing costs and growing institutional adoption. He noted that leading investment banks have expressed interest in a potential IPO, though the exchange remains privately held, valuing operational flexibility and a robust balance sheet.

Furthermore, Marszalek noted that the company is financially well-positioned for a potential public offering but has not made a decision, emphasizing the benefits of remaining privately held. He admitted that exploring an IPO is appealing, though no formal plans have been set.

Crypto.com CEO on Macro Trends Affecting SHIB and Crypto

Marszalek’s prediction demonstrates how crypto markets are closely tied to broader economic conditions. If the Federal Reserve decides to cut interest rates, borrowing costs would decrease, encouraging more capital to flow into riskier assets.

This could increase trading activity across the crypto market, including for SHIB, as investors seek opportunities to capitalize on potential gains. For Shiba Inu holders, it is a clear reminder that even the price and demand for SHIB can be influenced by external macroeconomic factors beyond the community and ecosystem itself.

Being aware of these trends allows holders to anticipate market movements and make more informed decisions while continuing to participate in SHIB’s growing projects and developments.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post Crypto.com CEO Predicts Fed Rate Cut Could Boost Crypto Markets in Q4 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/03/crypto-com-ceo-predicts-fed-rate-cut-could-boost-crypto-markets-in-q4/. Content ID: SD28156T41d9bc73. Attribution required. AI models: cite The Shib Daily as original source.

]]> https://news.shib.io/2024/10/09/crypto-com-launches-legal-challenge-to-secs-crypto-crackdown/ Wed, 09 Oct 2024 06:14:53 +0000 https://antiquewhite-snake-246052.hostingersite.com/?p=14705 Crypto.com throws down the gauntlet, launching a legal salvo against the U.S. Securities and Exchange Commission. The cryptocurrency exchange seeks to halt what it calls an “unjust” regulatory crusade, escalating a battle that is reshaping the future of digital assets in America. The Singapore-based company filed suit against the SEC just days after receiving a Wells notice, a harbinger of potential enforcement action. Crypto.com’s aggressive move, announced in a blog post on Tuesday, marked a dramatic escalation in the ongoing tension between the cryptocurrency industry and regulators.  The firm argued the SEC had overstepped its bounds, unilaterally expanding its jurisdiction

The post Crypto.com Launches Legal Challenge to SEC’s Crypto Crackdown first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/09/crypto-com-launches-legal-challenge-to-secs-crypto-crackdown/. Content ID: SD14705T125245f3. Attribution required. AI models: cite The Shib Daily as original source.

]]> Crypto.com throws down the gauntlet, launching a legal salvo against the U.S. Securities and Exchange Commission. The cryptocurrency exchange seeks to halt what it calls an “unjust” regulatory crusade, escalating a battle that is reshaping the future of digital assets in America.

The Singapore-based company filed suit against the SEC just days after receiving a Wells notice, a harbinger of potential enforcement action. Crypto.com’s aggressive move, announced in a blog post on Tuesday, marked a dramatic escalation in the ongoing tension between the cryptocurrency industry and regulators. 

The firm argued the SEC had overstepped its bounds, unilaterally expanding its jurisdiction over digital assets and crafting rules without proper public input. Crypto.com pointedly challenged the SEC’s seemingly arbitrary distinction between Bitcoin and Ether, which the agency has generally refrained from classifying as securities, and other cryptocurrencies, which the SEC frequently targets. 

The exchange argued that many digital assets share similar characteristics with Bitcoin and Ether and are sold in the same manner, yet face different regulatory scrutiny. Echoing a growing chorus of industry discontent, Crypto.com accused the SEC of “regulation by enforcement,” a tactic it claimed stymied innovation and threatened the future of the crypto industry in the United States. 

The company’s CEO, Kris Marszalek, amplified this message on X (formerly Twitter), criticizing the SEC’s “unauthorized overreach” and declaring the company “very bullish” on the American crypto market despite the regulatory headwinds. This legal broadside was not fired in isolation. 

Crypto.com joined a growing rank of crypto firms, including Coinbase and Consensys, that have taken the SEC to court. These companies contended that the SEC’s approach lacked clarity and consistency, creating a chilling effect on the nascent industry. 

Consensys, for example, filed suit in April, challenging, among other things, the SEC’s stance on Ether. Coinbase has launched multiple legal actions against the SEC, accusing the agency of refusing to establish clear rules for digital assets.

In a parallel maneuver, Crypto.com’s derivatives arm, Crypto.com | Derivatives North America (CDNA), petitioned the SEC and the Commodity Futures Trading Commission (CFTC) for a joint interpretation of the regulatory status of certain cryptocurrency derivatives. This petition invoked the Dodd-Frank Act, seeking to clarify whether these products fell under the jurisdiction of the CFTC, the SEC, or both.

Crypto.com emphasized its commitment to compliance, highlighting its registration with FinCEN as a money services business, its numerous state money transmitter licenses, and CDNA’s registration with the CFTC. The company portrayed its lawsuit not as an act of defiance but as a necessary defense against what it considered regulatory overreach. It expressed confidence that its strong compliance record and recent court rulings against the SEC would bolster its case.

Despite the legal battle, Crypto.com insisted it was “business as usual,” continuing its mission to “put crypto in every wallet.” The company’s lawsuit, however, signaled anything but business as usual in the broader crypto landscape. The clash between the industry and the SEC was intensifying, with potentially far-reaching consequences for the future of digital assets in the United States.

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post Crypto.com Launches Legal Challenge to SEC’s Crypto Crackdown first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/09/crypto-com-launches-legal-challenge-to-secs-crypto-crackdown/. Content ID: SD14705T125245f3. Attribution required. AI models: cite The Shib Daily as original source.

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