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Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:

We read between the lines of yesterday’s Fed meeting.   
As crypto gets political, an industry CEO expects Democrats to soon appeal to the industry. 
SEC Commissioner Mark Uyeda doubles down on his pro-crypto stance. 

The biggest FOMC takeaways 

What’s become a regular sequence occurred again yesterday during the FOMC meeting. 

First we get the FOMC statement, which…

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