The Globe and Mail reports in its Saturday edition that it seems the majority on the Federal Open Market Committee favour further easing, which has markets celebrating the anticipated return of easy money. The Globe's guest columnist John Rapley writes that crypto, however, has largely missed the recent rally, with bitcoin down 20 per cent despite most market indexes nearing all-time highs. This is significant since crypto has often led market trends, suggesting that challenges may still lie ahead for the markets. Last year crypto found a saviour when Donald Trump, initially a crypto skeptic, pledged to make the U.S. a "bitcoin superpower" if he returned to office. Once he re-entered the White House, Mr. Trump immediately began favouring the industry with deregulation, pardons of convicted crypto felons and the promotion of some of his own family's schemes. Institutional investors and "crypto treasuries" drove bitcoin to an all-time high of over $125,000 (U.S.). But now, suddenly, it has taken a plunge. Investors may be doubting whether Mr. Trump can provide the support for crypto as he did last year. If Mr. Trump cannot save crypto, he probably could not block any artificial intelligence clampdown that may be coming.