Alleged Fed Rate Cut Comment by Non-existent Official

Reports falsely attributed to U.S. Treasury Secretary Benson suggested a potential Federal Reserve rate cut, which remains unverified as of August 13, 2025.

These unverified claims have not influenced official financial data or market movements, with attention focused instead on Federal Reserve leadership changes.

Error in Treasury Official Identification Sparks Market Stir

U.S. Treasury Secretary Benson was erroneously reported as mentioning a 50-basis-point Fed rate cut. No official source confirms this individual’s existence or any related statements. Market responses were notable as individuals reacted to the initial misinformation.

Recent crypto market activity, particularly in Ethereum and Bitcoin, appeared untied to any official U.S. financial policy declaration. Heightened volatility in Ethereum was driven by technical factors and not linked to the speculated announcement.

Investors largely dismissed the rumor once it was verified incorrect. Major financial and industry figures have yet to comment publicly, focusing instead on macroeconomic uncertainties, including forthcoming changes in Fed leadership.

Crypto Volatility Unconnected to Dubious Fed Rate Rumor

Did you know? Rumors and speculations, even without authenticity, can momentarily sway crypto markets, although confirmed actions typically drive sustained impact.

Ethereum (ETH), last updated on August 13, 2025, is trading at $4,686.18 with a market cap of $565,662,157,388, influencing 13.77% market dominance. Over the past 90 days, ETH exhibited an 83.51% increase according to CoinMarketCap, highlighting significant interest despite unfounded rumors impacting brief trading cycles.

The Coincu research team notes speculative market trends can accelerate stress, but historical insights suggest reactive phases often stabilize. Technological advancements and established regulatory measures typically offer steadying influences amid ephemeral speculative waves.