chairman

According to Cointelegraph, SEC Chairman Paul Atkins stated in a prepared speech at the Institute for Legal Practice Research on Thursday that the SEC will adopt a different regulatory approach in the field of digital assets. After signing a memorandum of understanding with the CFTC, the SEC will first focus on clarifying how federal securities laws apply to crypto assets."While this explanation brings the long-needed clarity, I also want to assure everyone that this is just a beginning, not an end." Previous reports indicated that the SEC and CFTC jointly released new regulatory guidelines, clearly stating that most digital assets do not fall under the category of securities, aiming to provide a clearer regulatory framework for the market.

According to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Powell should cut interest rates.

Mike Selig, the chairman of the Commodity Futures Trading Commission (CFTC), posted on the X platform in support of the prediction market Kalshi. He stated that the Arizona Attorney General's criminal charges against an exchange already registered with the CFTC related to prediction markets essentially represent a jurisdictional dispute, and elevating it to a criminal lawsuit is "completely inappropriate." The CFTC is closely monitoring the progress of this event and assessing possible responses.Previously, it was reported that Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, accusing the prediction market platform of operating an unlicensed gambling business in violation of state law.

According to the official website of the SEC, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission, announced new cryptocurrency guidelines at the DC Blockchain Summit, and proposed the concept of a regulatory safe harbor for crypto assets, which includes three exemption pathways:Startup Exemption: A maximum of four years, allowing projects to have a regulatory buffer period before reaching maturity, with a fundraising limit of no more than $5 million within four years, requiring the submission of principal disclosure information.Financing Exemption: Allowing up to $75 million in fundraising within 12 months, requiring the submission of disclosure documents to the SEC that include principal disclosures, financial status, and financial statements.Investment Contract Safe Harbor: When the issuer completes or permanently ceases core management efforts under the investment contract, the relevant crypto assets may be exempt from the definition of securities.Atkins stated that this framework draws on Congress's work in recent years, particularly the CLARITY Act, and proposed rules are expected to be released for public comment in the coming weeks.

According to Jinshi Data, the U.S. Senate has not yet received the hearing-related documents for the Federal Reserve Chair nominee, Waller.

Documents declassified last Friday show that Federal Reserve Chairman Jerome Powell's lawyer suggested a possibility during a meeting with the Justice Department in January: Powell may continue to serve on the Federal Reserve Board after his term ends in May—this would be a precedent-breaking decision.These documents are part of materials from a case in which the Federal Reserve is trying to block subpoenas issued by the Justice Department regarding Powell's handling of the renovation of the central bank's Washington headquarters. Last Friday, a district court judge ruled in favor of the Federal Reserve, blocking those subpoenas.During the debate opposing the Federal Reserve's motion, a Justice Department lawyer stated that during a meeting on January 29, Powell's lawyer told U.S. District Attorney Jeannine Pirro: "The Chairman (Powell) believes that if he is still under investigation, he would not leave the Board even if his term has ended; and while he cannot assert the contrary, if he is no longer facing a criminal investigation, the Chairman's image would be different, at which point the Chairman would be able to freely make decisions focused on family."

French Hill, chairman of the U.S. House Financial Services Committee, stated that the CLARITY Act is expected to address some regulatory issues not covered by the GENIUS Act.In an interview, Hill mentioned that the banking industry still has concerns about the proposed cryptocurrency regulatory framework, particularly regarding the regulatory treatment that future crypto companies may face. Hill pointed out that the House passed the CLARITY Act last summer with bipartisan support, including 78 Democratic votes in favor. The bill is part of Washington's push to establish a regulatory framework for digital assets, aiming to clarify how stablecoins and other digital assets operate in the U.S. financial markets. Additionally, policymakers are discussing whether crypto companies should be subject to the same level of regulation as banks. Hill stated that both parties have reached a consensus on a key principle: stablecoins should not pay interest to holders, which is also a central topic of discussion surrounding the GENIUS Act.

According to the SEC's official website, the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul S. Atkins, delivered a speech at the annual meeting of the Investor Advisory Committee, focusing on three main topics.First, to reduce unnecessary information disclosure burdens, advocating for the principle of "minimum effective dose regulation," emphasizing that rules should be centered on materiality and flexibly adjusted according to company size; at the same time, suggesting an extension of the applicability period of the "IPO on-ramp" in the JOBS Act to encourage more small and medium-sized enterprises to go public.Second, opposing the SEC's indirect intervention in corporate governance through "comply or explain" disclosure requirements, arguing that such "shaming regulation" exceeds the SEC's authority, and governance decisions should be made by shareholders and directors themselves.Third, expressing views on the tokenization of equity securities, believing that tokenization helps improve settlement efficiency, reduce settlement risks, and minimize intermediaries, and revealing that the SEC will consider introducing an innovative exemption mechanism to support limited trading of specific tokenized securities and accumulate experience for developing a long-term regulatory framework.

According to the SEC official website, the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul S. Atkins, delivered a speech at the annual meeting of the Investor Advisory Committee, focusing on three main topics.First, to reduce unnecessary information disclosure burdens, advocating the principle of "minimum effective dose regulation," emphasizing that rules should be centered on materiality and flexibly adjusted according to company size; at the same time, suggesting extending the applicability period of the "IPO On-Ramp" in the JOBS Act to encourage more small and medium-sized enterprises to go public.Second, opposing the SEC's indirect intervention in corporate governance through "comply or explain" disclosure requirements, arguing that such "shaming regulation" exceeds the SEC's authority, and governance decisions should be made by shareholders and directors themselves.Third, expressing views on the tokenization of equity securities, believing that tokenization helps improve settlement efficiency, reduce settlement risks, and minimize intermediaries, and revealing that the SEC will consider introducing an innovative exemption mechanism to support limited trading of specific tokenized securities and accumulate experience for developing a long-term regulatory framework.

The chairman of the Commodity Futures Trading Commission (CFTC), Mike Selig, stated, "Today, we are taking action to release clear guidelines for prediction markets to help trading platforms understand the CFTC's expectations for new contract listings. We are taking on the responsibility of ensuring that this asset class has transparent rules."In an interview with CNBC, Mike Selig said, "Prediction markets are a rapidly evolving field, which is why we are taking action today to release some clear guidelines to assist our trading platforms. Our trading platforms will self-certify contracts and have their own rulebooks, and they need to clearly understand the CFTC's expectations. Therefore, we will publish these guidelines in clear written form for trading platforms to follow.At the same time, we will also release a notice of proposed rulemaking later today. We intend to establish clear operating rules for this new asset class and new market. It is crucial to ensure that there is no manipulation, insider trading, or various abuses in the derivatives market. Therefore, we will take on the responsibility of ensuring that these new asset classes have clear operating rules."

The chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, stated during his appearance on the All-In Podcast, "From my perspective, distributed ledger technology (DLT) has many potential benefits for the financial services industry, and we are at a tipping point where T+0 settlement—almost instantaneous delivery and payment, even through on-chain digital assets—could be realized. This is very exciting. To prevent issues like fraud, we may even need to set up some speed bumps. However, there are also challenges, such as liquidity issues. What does the concept of best bid and ask mean in this new system? This is one of the problems we need to solve.Our principle is: if an asset is essentially a security, even if it is tokenized, it is still a security, and federal securities laws still apply. But regulators have the responsibility to ensure that our rules truly apply to new practical uses. As the purposes of trading and methods of delivery change, we also need to make corresponding adjustments. We need to adjust the system to make it truly applicable to the new technological environment.This is exactly what we are currently working on—reviewing our regulatory rules line by line to ensure they can adapt to the development of emerging technologies. The SEC is coordinating regulation with the CFTC. For example, if an asset is a tokenized security, it falls under the SEC's regulatory framework; whereas if it is a digital currency, digital token, digital tool, or digital collectible, it falls under the CFTC's regulatory scope."

FDIC Chairman Travis Hill stated at the American Bankers Association Washington Summit that the FDIC plans to propose a rule clarifying that payment stablecoins governed by the GENIUS Act do not qualify for "pass-through insurance," meaning that third-party financial institutions cannot obtain government deposit protection on behalf of users.Hill noted that this position aligns with the legislative intent of the GENIUS Act, even though the act does not explicitly prohibit such arrangements. Hill pointed out that current pass-through insurance rules require the identity and rights of end customers to be verifiable through standard processes, which is not a common feature of large stablecoin arrangements. Although stablecoins do not enjoy FDIC insurance, the GENIUS Act mandates that they must be fully reserved.Additionally, Hill mentioned that the FDIC is considering the positioning of tokenized deposits, suggesting that regardless of the technology or accounting method used, tokenized deposits should be treated as deposits and enjoy the same regulatory and deposit insurance treatment as non-tokenized deposits.White House crypto advisor Patrick Witt has been continuously defending the CLARITY Act on the X platform, stating that attempts to turn it into an anti-competitive bill are undesirable. Jefferies analysts noted this week that the growth of stablecoins could lead to a 3% to 5% loss of core bank deposits over the next five years.

According to CoinDesk, the chairman of the Commodity Futures Trading Commission (CFTC), Mike Selig, has updated the agency's ongoing plans to provide much-anticipated regulatory clarity for decentralized finance (DeFi) developers, crypto derivatives, and prediction markets.Selig stated this week at the FIA Global Clearing Markets Conference in Boca Raton, Florida, that the U.S. is reclaiming its leadership in the digital asset space through closer coordination among regulators.He mentioned that he is advancing the "Project Crypto" initiative in collaboration with Securities and Exchange Commission (SEC) Chairman Paul Atkins, announcing the end of internal disputes between the CFTC and SEC. In his speech, Selig reiterated that the CFTC will issue guidance clarifying how so-called prediction markets (referred to as event contracts in regulation) can list and trade products under U.S. law, and will initiate a rulemaking process to solicit public input on regulatory approaches for this rapidly growing sector.He also stated that the CFTC plans to address one of the most controversial regulatory issues in the crypto industry: "There has long been uncertainty about whether software providers trigger CFTC registration requirements," Selig said, "We intend to tackle this issue head-on." The agency is also dealing with the classification of crypto perpetual derivatives, which dominate the global crypto market.

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, disclosed his remarks at the FIA Global Clearing Markets Conference, stating that the U.S. is undergoing a new technological revolution driven by AI, blockchain, and prediction markets. The CFTC needs to ensure that the regulatory framework adapts to this transformation.Selig outlined the focus areas for the coming years: achieving forward-looking derivatives market regulation through principle-based oversight with minimal effective intervention; addressing the legacy issues of the Dodd-Frank Act; ending the regulatory turf battles and enforcement-style regulation between the CFTC and SEC; ensuring that the U.S. maintains its status as a global crypto hub by clarifying classification rules for real crypto perpetual contracts; establishing a gold standard regulatory framework for prediction markets; making the U.S. a leading market for AI computing; refocusing the Commission on its core responsibilities, moving away from non-core areas like climate policy; prioritizing the needs of the agricultural and energy communities; and bringing markets for critical minerals back to the U.S.

Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo stated that the currently stalled "Digital Asset Market Clear Act" holds greater significance for the banking industry than for the cryptocurrency sector. He pointed out that bank legal advisors are informing boards that without regulatory certainty, they cannot invest billions of dollars in building digital payment infrastructure.The bill has been stalled since this year, with the main point of contention being whether to allow cryptocurrency companies to pay rewards to stablecoin holders—banks are concerned that this move will lead to capital outflows and are demanding a "level playing field," while cryptocurrency companies like Coinbase strongly oppose this.Giancarlo warned that if banks continue to resist, related cryptocurrency businesses will shift to Europe and Asia, leaving U.S. banks in a more passive position. He estimated the probability of the bill eventually passing to be about 60-40, but noted that both sides have missed the deadline set by the White House and there are still many issues to resolve.

ProCap Chairman Anthony Pompliano tweeted that if oil prices continue to rise, you will hear many people say that the Federal Reserve should avoid cutting interest rates due to concerns about potential inflation.This is similar to the mistakes these people made regarding tariffs. We are in a deflationary environment, which means the importance of short-term oil prices is greatly diminished. You cannot evaluate a single input while ignoring the complex economic mechanisms. The Federal Reserve should actively cut interest rates in the first half of this year.

The proposer of the "Bitcoin Strategic Reserve Act," Senate Banking Committee on Digital Assets Chair Cynthia Lummis, stated that she had a meeting with CFTC Chair Michael Selig, where they discussed the structure of the digital asset market, and the conversation was very pleasant. The CFTC Chair is well aware of the urgency of the moment and looks forward to continuing collaboration in the process of integrating digital assets into the 21st-century financial system.

U.S. SEC Chairman Paul Atkins spoke at the Financial Stability Oversight Council's Artificial Intelligence Innovation Roundtable, pointing out that AI will reshape capital market regulation. The U.S. SEC has established an AI working group this year to promote the application of artificial intelligence in areas such as risk assessment, market anomaly monitoring, information disclosure review, and market risk analysis.In terms of regulatory approach, the SEC will adhere to a "technology-neutral" and "materiality-based" information disclosure framework, opposing simple additive mandatory disclosure requirements for new technologies. Actions that utilize AI for fraud or exaggerated claims will be held accountable under the law.Paul Atkins added that as a regulatory agency, the U.S. SEC will not shy away from the AI wave but will choose to understand, evaluate, and adopt relevant technologies when appropriate, while encouraging market participants to maintain open dialogue with regulators to jointly promote the sound development of capital markets.

The Chairman of the Commodity Futures Trading Commission (CFTC), Mike Selig, posted on the X platform again calling for the swift passage of the CLARITY Act. He stated that Trump's position on pushing for the passage of the CLARITY Act is correct, and establishing a forward-looking digital asset market structure is crucial.The CFTC is prepared to implement the act during Trump's term, believing that this legislation is a key part of ensuring the United States maintains its leadership in global innovation, "now is the time to take action." Selig also revealed that the CFTC will set clearer standards for self-certified predictive market types and plans to release a high-level Advanced Notice of Proposed Rulemaking (ANPRM) soon, laying the groundwork for more comprehensive predictive market rules.

According to CoinDesk, CFTC (Commodity Futures Trading Commission) Chairman Mike Selig discussed the regulatory progress of cryptocurrency perpetual futures and prediction markets in his speech. He stated that the CFTC is working to launch "real perpetual futures" in the United States, with an announcement of related policies expected in about a month to attract liquidity back to the U.S. and provide investor protection.Additionally, he mentioned that the CFTC will soon provide guidance for prediction markets, including a notice of proposed rulemaking to set clear standards.