The Federal Reserve, US market regulators, and global financial institutions are simultaneously recalibrating their policies, creating a convergence that is reshaping the landscape for both traditional and crypto markets.

For investors, the final quarter of 2025 presents an environment characterized by shifts in interest rates, regulatory harmonization, ETF approvals, and the introduction of new stablecoin and custody frameworks.

Fed’s rate path and regulatory developments

The Federal Reserve cut its benchmark rate by 25 basis points on Sept. 17, moving the target range to 4.00% to 4.25%.

According to the Fed’s September Summary of Economic Projections, policymakers expect the federal funds rate to fall further to around 3.50%–3.75% by December.

That path implies two additional 25 basis-point reductions before year-end. Fidelity interpreted the dots similarly, noting that most participants see three total cuts in 2025.

For investors, this signals a shift from restrictive to neutral policy, which in turn shapes expectations for credit spreads, equity valuations, and crypto liquidity. Parallel to monetary easing, US regulators are advancing a synchronized framework for digital assets.

September brought a joint statement by the CFTC and the Securities and Exchange Commission (SEC), clarifying that registered exchanges may list spot crypto commodities.

This was followed by a CFTC announcement on Sept. 23 about a new program enabling tokenized collateral in derivatives markets, while the SEC Chair Paul Atkins pledged an “innovation exemption” for digital assets by year-end.

On Sept. 29, the regulators Go to Source to See Full Article
Author: Gino Matos