PANews reported on October 29th, citing Bloomberg, that Tether CEO Paolo Ardoino stated in an interview that "everyone is unhappy with Fairshake" because it ultimately "became a puppet of a certain company," though he declined to name the company. This crypto political action committee emerged as a strong contender in the 2024 election, investing $133 million in candidates supporting cryptocurrency. Only US companies can donate to US political campaigns, and Tether is headquartered in El Salvador. However, the company has announced plans to establish a US entity by the end of 2025, led by Bo Hines, a former Trump crypto official. Over the past year, several new cryptocurrency-focused political action committees have been established, with a stronger focus on Republican candidates. One of these is linked to Cantor Fitzgerald, a bank that works closely with Tether and is led by Trump's Commerce Secretary, Howard Lutnick. Ardoino stated that Tether is still in discussions with various PACs as it considers its political strategy.PANews reported on October 29th, citing Bloomberg, that Tether CEO Paolo Ardoino stated in an interview that "everyone is unhappy with Fairshake" because it ultimately "became a puppet of a certain company," though he declined to name the company. This crypto political action committee emerged as a strong contender in the 2024 election, investing $133 million in candidates supporting cryptocurrency. Only US companies can donate to US political campaigns, and Tether is headquartered in El Salvador. However, the company has announced plans to establish a US entity by the end of 2025, led by Bo Hines, a former Trump crypto official. Over the past year, several new cryptocurrency-focused political action committees have been established, with a stronger focus on Republican candidates. One of these is linked to Cantor Fitzgerald, a bank that works closely with Tether and is led by Trump's Commerce Secretary, Howard Lutnick. Ardoino stated that Tether is still in discussions with various PACs as it considers its political strategy.

                                                                               Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December.                     The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%.Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast:Asset prices remained flat or fell by modest amounts on Wednesday following the FOMC decision, with the price of Bitcoin (BTC) falling by about 2.4% at the time of writing, following Federal Reserve Chair Jerome Powell’s comments signaling that FOMC members are divided on a December rate cut. Read more