policies

The X platform account of FTX founder Sam Bankman-Fried (SBF) has recently been posting continuously, stating that former President Trump is correct on cryptocurrency issues, while Biden has messed up cryptocurrency. It is reported that this series of posts was made a few days after the release of former Alameda Research CEO Caroline Ellison.In addition, SBF praised Trump's initiatives on issues outside of cryptocurrency, while claiming, "All the world leaders I have met are fed up with Biden; he chose Gary Gensler as the chairman of the SEC." According to data from the cryptocurrency prediction platform Polymarket, traders currently believe there is a 17% chance that Trump will pardon SBF before 2027.

According to Jinshi reports, Federal Reserve Chairman Powell stated that there are countless possibilities for inflation and employment, which will prompt the Federal Reserve to adopt a combination approach for policy adjustments.

According to Jinshi reports, Federal Reserve Chairman Powell stated that a normalized policy stance should help stabilize the labor market.

According to Jinshi reports, Federal Reserve Chairman Powell stated that the current policy helps to make progress in achieving two major goals.

According to Jinshi, U.S. Treasury Secretary Besant stated that the S&P 500 index has first crossed the 7,000 point mark, reflecting that we have implemented favorable policies for growth.

Liquid Capital founder Yi Lihua posted on platform X that crypto-friendly policies are gradually being realized, especially with the high likelihood of the crypto structural bill passing. This means that the crypto industry has ended its previously obstructed state and entered a new phase of healthy development in a favorable macro environment, where a large number of excellent founders and high-quality projects will emerge. At the same time, it clears the obstacles for U.S. financial institutions to participate on a large scale in the construction of crypto finance, allowing the crypto industry to fully integrate into the mainstream financial system.

According to Jinshi reports, Castle Fund CEO Griffin stated that President Trump is trying to encourage the Federal Reserve to implement a loose monetary policy, which has increased the risk of inflation.

The latest financial disclosure released by the White House on Thursday shows that as of December, Trump's investments in municipal bonds and corporate bonds included some corporate bonds affected by his government's policies, totaling at least $51 million.The bonds purchased by Trump include those from companies such as Netflix, CoreWeave, General Motors, Boeing, and Occidental Petroleum, as well as municipal bonds issued by various cities, local school districts, utility agencies, and hospitals across the United States. According to regulations, officials are only required to report trading activities within a range, so the specific amounts or transaction prices are unknown.Trump reported that he made a total of 189 buy transactions and two sell transactions between November 14 and December 29 of last year, with the latter amounting to at least $1.3 million. The U.S. government previously stated that Trump has consistently reported his investment activities as required, but he and his family do not participate in the specific management of the investment portfolio, which is managed by a third-party financial institution. (Jinshi)

As Democratic Commissioner Caroline Crenshaw leaves the U.S. Securities and Exchange Commission (SEC), the SEC is now entirely composed of Republicans. The Trump administration is unprecedentedly consolidating control over the executive branch, and it is expected that the SEC, composed entirely of Republicans by 2026, will accelerate the formulation of pro-crypto regulatory policies, with internal dissent now vanished.The three current Republican commissioners at the SEC are Chairman Paul Atkins, Hester Peirce (nicknamed "Crypto Mom"), and Mark Uyeda. There are currently two vacant seats, resulting in the first instance of all sitting commissioners being from a single party, which U.S. economic policy experts have described as "unprecedented."

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) is currently fully controlled by the Republican Party and is expected to introduce cryptocurrency-friendly regulations by 2026. The agency will continue to implement last year's rule-making efforts that support cryptocurrencies, as Republicans are generally more favorable towards the cryptocurrency industry than Democrats.It is reported that the U.S. Senate is expected to vote on the cryptocurrency market structure bill soon.

According to Jinshi reports, the People's Bank of China work conference will be held from January 5 to 6, 2026. The conference emphasized the continuation of a moderately loose monetary policy, leveraging the integrated effects of incremental and stock policies, increasing counter-cyclical and cross-cyclical adjustments, enhancing the quality and efficiency of financial services for the high-quality development of the real economy, deepening financial reform and a higher level of opening up, strengthening the forward-looking, targeted, and coordinated nature of macro policies, focusing on expanding domestic demand, optimizing supply, preventing and resolving risks, stabilizing social expectations, and creating a favorable monetary and financial environment for stable economic growth, high-quality development, and stable operation of financial markets, providing strong financial support for a good start to the "14th Five-Year Plan."In addition, the conference emphasized that promoting high-quality economic development and a reasonable rebound in prices should be important considerations for monetary policy. It called for the flexible and efficient use of various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions, maintaining ample liquidity, keeping social financing conditions relatively loose, guiding reasonable growth in the total amount of finance and balanced credit allocation, and ensuring that the growth of social financing scale and money supply aligns with economic growth and the overall price level expectations.Smooth the transmission mechanism of monetary policy, effectively utilize the guiding role of policy interest rates, ensure proper execution and supervision of interest rate policies, and promote low-level operation of comprehensive financing costs for society. Gradually expand the coverage of explicit comprehensive financing costs for corporate loans and promote explicit comprehensive financing costs for personal loans. Maintain basic stability of the RMB exchange rate at a reasonable and balanced level, and prevent risks of excessive exchange rate adjustments.

The Galaxy Digital research team released a 2026 forecast indicating that it is still possible for Bitcoin to reach an all-time high in 2026. The options market currently prices the possibility of around $70,000 or $130,000 by the end of June 2026 at roughly equal odds, and similarly for around $50,000 or $250,000 by the end of 2026. These broad ranges reflect uncertainty in the short term. There remains a downside risk in the short term until BTC firmly re-establishes itself above $100,000 to $105,000. However, it is expected that by the end of 2027, BTC will reach $250,000.Other parts of the forecast include: no Solana inflation reduction proposals will pass in 2026, and the current proposal SIMD-0411 will be withdrawn without a vote; the ratio of application revenue to network revenue will double; the SEC will face lawsuits from traditional market participants or industry organizations due to innovation exemptions; a major bank/brokerage will accept tokenized stocks as collateral; DEX will account for over 25% of total spot trading volume; Polymarket's weekly trading volume will continue to exceed $1.5 billion; the U.S. will launch over 50 spot altcoin ETFs, along with another 50 crypto ETFs (excluding spot single-coin products); net inflows into U.S. spot crypto ETFs will exceed $50 billion; and over 15 crypto companies will go public or upgrade their listings in the U.S.

According to The Block, the U.S. Securities and Exchange Commission (SEC) announced on Monday that the Deputy Director of the Division of Corporation Finance, Cicely LaMothe, is set to retire. LaMothe has led several key cryptocurrency policies over the past year, including the clear indication that meme coins do not fall under securities and outlining the SEC's stance on staking.She joined the SEC's Division of Corporation Finance in 2002, having previously worked in the private sector and holding a CPA license. LaMothe's retirement comes as the SEC enters its second year of a more crypto-friendly direction, during which the SEC has approved specific cryptocurrency ETF listing standards, launched the "crypto project" to update digital asset rules, and dismissed enforcement cases against several well-known crypto companies.The SEC also announced that the Deputy Director of the Enforcement Division's Southeast Region, Nekia Hackworth Jones, has completed her term at the end of December.

According to Jinshi News, the U.S. stock market is currently at historical highs, with the S&P 500 index just about 1% away from breaking the 7,000-point mark for the first time, likely achieving its eighth consecutive month of gains, setting the longest monthly winning streak since 2017-2018.Paul Nolte, a senior wealth advisor at Murphy & Sylvest Wealth Management, stated that unless an external event occurs, the path of least resistance for the stock market remains upward. The Federal Reserve's meeting minutes will become the focus of the market next week, with investors highly attentive to when the Fed might further cut interest rates. The S&P 500 index has risen nearly 18% this year, while the Nasdaq has increased by 22%.

Hong Kong Legislative Council member Wu Jietzhuang posted on the X platform, stating, "I am pleased to see that the Hong Kong SAR Government's Financial Services and the Treasury Bureau has new developments in promoting digital asset trading. The SAR Government has officially launched a consultation on legislative proposals for digital asset trading and custody services, which represents a further clarification of the relevant digital asset regulatory activities and responds to the needs and ideas of the market.The Hong Kong SAR Government has received numerous opinions in the past when consulting the industry about the direction of related over-the-counter trading and custody services. This legislative proposal not only establishes the legitimacy of over-the-counter trading and custody services for cryptocurrencies and digital assets, allowing the industry to operate in a more compliant manner; on the other hand, it can also combat suspected fraudulent activities that use related activities as a guise, helping citizens avoid losses. I encourage the industry to express more opinions within this month to improve the development and policies of Hong Kong's Web3."

Caixin released the "2026 New Year Special Review and Outlook," which pointed out that in 2025, the "Trump Deal" made waves, with gold prices and virtual currencies competing for attention. In March, an executive order was signed to incorporate approximately 210,000 bitcoins held by the federal government into the national strategic reserve. Various transactions based on stablecoins and digital currencies were extensively implemented in 2025, and listed companies transformed into treasury companies specifically hoarding digital currencies, leading to speculation.However, the seizure of $15 billion in bitcoins by the U.S. from the Chen Zhi telecommunications fraud group raised concerns about transaction security, and by the end of the year, bitcoin had fallen from its historical highs. As we move into 2026, when Trump begins preparing for the midterm elections in November, it will be crucial to observe which areas his policies will adjust in response to feedback and how this will affect the performance of various asset classes, becoming a key theme to watch in 2026.

According to Jinshi reports, Federal Reserve Governor Mester stated that if policies are not adjusted, the risk of recession will increase.

According to Jinshi reports, Federal Reserve Governor Mulan stated that easing policies to support the labor market is crucial.

Trump stated on social media that he will deliver a primetime address to the nation at 10 AM Beijing time on Thursday. This speech comes at a critical moment as Trump approaches the end of his first year back in the White House, with his approval ratings declining and the economy facing headwinds.Over the past year, Trump has focused on reshaping the relationship between the U.S. economy and national security. He has imposed tariffs on trade partners and key industries, and has had intense friction with allies over defense spending, immigration, and the Russia-Ukraine conflict. Domestically, he has continuously tested the boundaries of executive power, pushed for a reorganization of the federal government, and carried out mass deportations of undocumented immigrants while tightening legal entry channels.This speech provides Trump with a platform to emphasize his achievements and outline priorities for the coming year, as the Republican Party aims to retain control of Congress in the midterm elections next November. Midterm elections typically result in a loss of congressional seats for the president's party. The White House has revealed that Trump will speak about his historic accomplishments, discuss future prospects, and may preview policies for the new year. (Jinshi)

The SEC Chairman Paul Atkins stated this morning that the U.S. financial markets are about to transition to on-chain. "Under my leadership, the SEC is prioritizing innovation and actively adopting new technologies to achieve this on-chain future while continuing to protect investors' interests." On-chain markets will provide investors with greater predictability, transparency, and efficiency.Participants in the DTC can now directly transfer tokenized securities to the registered wallets of other participants, and these transactions will be tracked by the DTC's official records. Paul Atkins expressed, "I look forward to the SEC considering an innovative exemption policy that allows innovators to leverage new technologies and business models to begin transitioning our markets on-chain without being constrained by cumbersome regulatory requirements." This morning, the SEC approved DTCC to custody and confirm tokenized stocks and RWA assets on-chain.