Coin Stories News Block: Fed Starts 'Gradual Print,' Strategy Responds to MSCI, Regulators Continue to Embrace Bitcoin
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Dec 15, 2025 The Fed cuts interest rates and resumes T-bill purchases to stabilize liquidity. They reframe balance sheet expansion as plumbing rather than quantitative easing, hinting at gradual currency debasement. Bitcoin could benefit from easy money policies as people seek sound money alternatives. Meanwhile, Strategy counters MSCI's proposal for exclusion based on digital asset thresholds—arguing the 50% rule is arbitrary. Regulatory updates highlight new approvals for banks in the crypto space, with the SEC providing insights on self-custody options.
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Fed Restarts Balance Sheet Expansion
- The Fed resumed buying T-bills, expanding its balance sheet again despite rate cuts.
- Natalie Brunell shows this signals persistent intervention and gradual currency debasement.
Higher Plateaus After Each Fed Cycle
- Each Fed easing cycle lifts the balance sheet to a new higher plateau rather than fully reversing.
- That pattern implies increasingly frequent interventions and more currency units over time.
Financial Stability Beats Currency Stability
- The Fed prioritizes financial stability over currency stability when deciding interventions.
- Asset prices often reflect these priorities before consumer price inflation does.
