Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.

GM!

Today’s top news:

• Crypto majors fall another 1% after a hawkish FOMC; BTC at $64k
• Saylor’s STRC falls to $89 and new low; MSTR -5%
• Illinois becomes first state to pass crypto tax, applying 0.2% to broker txns and holdings
• CME is suing the CFTC over their approval of perps in the US
• Moody’s launched onchain credit ratings on Solana

🏦 Warsh’s First Fed Meeting Comes In Hawkish

The Fed held its benchmark rate at 3.50% to 3.75% on Wednesday, a…