# Cut Too Late?

*Author: Bankless*
*Published: Sep 18, 2024*
*Source: https://www.bankless.com/es/rate-cut-too-late*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Frame-50572--1--2--2-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=what-we-know-about-trumps-world-liberty-financial-wlfi&email=true)

  

Cut Too Late?
    
  

  
  Published on Sept 18, 2024

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=fed-rate-cut-bull-season&email=true) — Mass adoption of decentralized & token-governed technologies.

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Congress Roasts SEC
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Group-14---2024-09-18T164622.312.png)](https://www.bankless.com/dashboard)- 🧑‍⚖️ **Congress Roasts SEC in Hearing Over 'Politicized' Regulation.** The SEC [faced a new grilling](https://www.bankless.com/sec-crypto-congress-scrutiny) in Congress over its heavy-handed approach to crypto.
- **🇺🇸 GOP Lawmakers Demand SEC Clarity on Crypto Airdrops.** Republican leaders [want answers](https://www.bankless.com/gop-lawmakers-demand-sec-clarity-on-crypto-airdrops) from Gensler over policy surrounding crypto airdrops.
- 🪙 **Fintech Giant Revolut Planning Stablecoin Launch. **The London-based fintech firm is reportedly [planning](https://www.bankless.com/fintech-giant-revolut-planning-stablecoin-launch) a deeper crypto push.

.  .  .

 
  
    
      
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    MARKET VIBES

  
  

Rate Cut Shrug
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Stock and crypto markets shrugged off today's news. A 50 basis point rate cut from The Fed apparently wasn't enough to juice token prices today, but crypto interestingly neither bought nor sold the news, instead shrugging it off with prices largely flat across the board.

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.09T
       

  
    
    ↗ 0.1%
    
  

   
    
    ↗ 3.0%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $60,399
       

  
    
    ↗ 0.1%
    
  

   
    
    ↗ 5.4%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,337
       

  
    
    ↘ 0.4%
    
  

   
    
    ↘ 0.2%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/33038.png)
    

  **SKY**
   
          $1,488
       

  
    
    ↘ 1.2%
    
  

   
    
    ↘ 6.6%

    
  

  

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🌧️**New Token Rating: **The price of MKR has fallen by 30% in just three weeks since its rebrand to **Sky**. What lies ahead for this core DeFi token?[Unlock SKY on Token Hub](https://www.bankless.com/tools/token-hub/maker)

.  .  .

 
  
    

ANALYSIS

  
  
    
Will Rate Cuts Restart Crypto's Bull Run?
  
  
   
     
     Bankless Author: 
     
       [
       
        Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/image---2024-09-18T170117.828.png)](https://www.bankless.com/fed-rate-cut-bull-season)The Fed just cut interest rates for the first time since COVID, as expected, lowering its key policy rate by an aggressive 50 basis points. This long-awaited decision sparked immediate excitement among investors across stocks and crypto.

Powell’s money printer has finally been reactivated, and here’s why many people in the market are feeling positive that these rate cuts might kickstart another crypto bull run. 👇

[Read More on Bankless.com](https://www.bankless.com/fed-rate-cut-bull-season)
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