The U.S. Federal Reserve has initiated a $40 billion program to purchase short-term Treasury bills, aiming to stabilize money markets. Despite some crypto traders adjusting their risk-to-reward expectations, analysts clarify that this move is not quantitative easing and is unlikely to encourage increased risk-taking in the crypto markets. The Reserve Management Operations (RMO) focus on short-term liquidity rather than long-term economic stimulus, leaving value investing in cryptocurrencies largely unaffected as the Fed refrains from implementing rate cuts or broader economic stimulus measures.