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"Basically, the recent court approval is the normal procedure for any civil forfeiture," said Aidan Larkin of Asset Reality in response to a question about US government bitcoin. "And it doesn't mean the US is going to hit the sell button right away. Bitcoin sales have to follow a very strict process." He added: "At some point in the future it will go through the normal government process. There will be a civil forfeiture application hearing. They will be granted and then it will go through the ...
Chris Larkin of Morgan Stanley E * Trade said that the market generally expects the Federal Reserve to cut interest rates by 25 percentage points next week, and today's CPI data is more or less on target, in line with the 25 basis point rate cut expectation. Those investors hoping for a bigger rate cut may be disappointed, but with inflation seemingly under control, the market may turn its attention back to economic growth, especially employment.
