policy

X product lead and Solana advisor Nikita Bier posted on the X platform, stating, "X intends to update the API policy to prevent applications from creating fee pools without user consent."

According to market news, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated at a Senate Banking Committee hearing that while his agency has the authority to provide regulatory clarity for the crypto industry through rulemaking, such rules lack "future adaptability" and can easily be overturned by subsequent administrations. Therefore, "a solid foundation in law is needed to prevent future backtracking."Atkins noted that the SEC currently has "quite broad powers" to advance rulemaking through the "Project Crypto" agenda, but he emphasized that "Congress needs to enact good legislation" to support these rules. Although progress on the Senate's bill to regulate the cryptocurrency market structure has been intermittent, one of the main Democratic negotiators, Senator Mark Warner, expressed at the hearing that he still hopes this work can make progress.

According to Jinshi reports, Federal Reserve Governor Mester stated that monetary policy has been passively tightened.

The founder of the Bitcoin payment application Strike, Jack Mallers, posted on the X platform to respond to the adjustment of the margin call policy. He stated that the Strike loan mechanism will not fully liquidate Bitcoin collateral. When the loan falls below the maintenance margin level, the platform will only conduct partial liquidations to restore the loan to approximately 65% of a healthy loan-to-value (LTV) ratio.Jack Mallers added that this mechanism is designed to protect users' Bitcoin assets as much as possible while maintaining loan health and to give customers and Bitcoin prices more time to recover. Based on this mechanism, the liquidation ratio of Strike's overall loan book remains in the low single-digit range of the total outstanding loans, approximately 1%--3%.

According to Jinshi reports, Fed's Logan stated that the current policy stance may be very close to neutral levels, with limited dampening effects on the economy.

According to Jinshi reports, Federal Reserve's Harker stated that the Federal Reserve's interest rate policy may remain unchanged "for quite a long time."

According to Sing Tao Daily, the Hong Kong Chief Executive's Policy Unit held a digital finance seminar on February 8, 2026. Participants included a research team from the Financial Research Institute of the People's Bank of China, the chairman of the board of Yuan Coin Technology, members of the Web 3.0 Development Task Force, and experts such as former Monetary Authority Chief Executive Norman Chan.The meeting discussed how Hong Kong can contribute to the country's goal of becoming a "financial powerhouse" through the high-quality development of digital finance. The focus was on three main aspects: the application scenarios of digital finance, balancing regulation with innovative development, and connecting with the mainland's digital financial infrastructure to achieve coordinated development.The head of the Chief Executive's Policy Unit, Huang Yuanshan, stated that Hong Kong should seize the wave of digitalization and promote high-quality financial development to support the goal of becoming a financial powerhouse. Hong Kong has advantages in technological infrastructure, an active market, and a favorable policy environment. The application of digital finance should shift from financial innovation to serving the real economy, such as promoting the tokenization of assets to extend to real-world assets like precious metals and renewable energy, addressing issues like poor liquidity and cumbersome transactions associated with traditional assets.

According to Jinshi, U.S. Treasury Secretary Yellen stated that implementing a strong dollar policy means taking measures to create a robust support environment for the dollar.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that the current monetary policy of the Federal Reserve is "in a favorable position" to respond to potential future situations.

According to Jinshi, Federal Reserve Vice Chairman Jefferson stated that he supports last year's rate cuts and believes that the current policy stance is roughly at a neutral level.

According to Jinshi, Federal Reserve's Bostic stated that it is necessary to maintain policy tightening to bring inflation down to 2%.

The heads of the People's Bank of China and the China Securities Regulatory Commission stated that the background for the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies" (hereinafter referred to as the "Notice") is: based on summarizing previous work experiences and in conjunction with the new risk situation, the original document has been revised to form the "Notice."In addition, this notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as legal tender, and that conducting virtual currency-related business activities within the country is considered illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.In response to the rapid development of real-world asset tokenization in recent years, the "Notice" emphasizes that conducting real-world asset tokenization activities within the country, as well as providing related intermediary and information technology services, which may involve illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures businesses, and illegal fundraising, should be prohibited; except for related business activities conducted based on specific financial infrastructure with the approval of the competent business authorities in accordance with laws and regulations. Foreign entities and individuals are not allowed to illegally provide real-world asset tokenization-related services to domestic entities in any form.

According to Jinshi reports, relevant officials from the People's Bank of China and the China Securities Regulatory Commission answered reporters' questions regarding the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currencies." They stated that regarding virtual currencies, there has long been a prohibitive policy stance on related business activities within the country.In 2013, the People's Bank of China and five other departments jointly issued the "Notice on Preventing Bitcoin Risks," which clarified that Bitcoin is a specific virtual commodity and should not be circulated or used as currency in the market. The "Notice on Further Preventing and Dealing with Risks of Virtual Currency Trading Speculation," issued in 2021, further clarified that Bitcoin, Ethereum, and stablecoins such as Tether do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is considered illegal financial activity and is strictly prohibited.The notice continues the policy stance of recent years, reiterating that virtual currencies do not have the same legal status as fiat currency, and conducting virtual currency-related business activities within the country is illegal financial activity. Foreign entities and individuals are not allowed to illegally provide virtual currency-related services to domestic entities in any form.

According to Jinshi, Federal Reserve's Bostic stated that it is important to maintain a moderately restrictive policy.

During the Asian trading session, U.S. Treasury yields fell slightly across the board, driven by expectations related to the nomination of Kevin Warsh as the Federal Reserve Chairman. Erik Liem, an analyst at Deutsche Bank, noted in a report that Trump's nomination of Kevin Warsh has strengthened a market expectation that the Federal Reserve may not rely as heavily on balance sheet measures in the future as it has in the past.Meanwhile, the U.S. Treasury's decision to maintain stable auction sizes aligns with market expectations, although officials stated that they are still assessing the possibility of increasing the auction sizes for bills, bonds, and floating rate notes in the future.

According to Jinshi reports, the dollar has weakened ahead of the release of U.S. economic data, which may provide clues about the pace of the Federal Reserve's interest rate cut cycle. The ADP private sector employment data will be released tonight, followed by the ISM services survey. Analysts at Danske Bank pointed out that the ADP data may give the market an initial perception of the expected performance of the key non-farm payroll report.Due to the partial government shutdown, the non-farm report originally scheduled for release on Friday has been postponed, but President Trump signed a bill to end the shutdown on Tuesday, so the delay is not expected to be long.

According to Jinshi reports, Federal Reserve's Barkin stated that the Federal Reserve's policy interest rate is currently at the higher end of the estimated neutral rate.

According to The Block, the Avalanche Policy Alliance has announced the establishment of a new advisory committee, which will be led by Ava Labs' General Counsel Lee Schneider. The members include UK House of Lords member Chris Holmes and several senior figures within the Avalanche ecosystem.The advisory committee will focus on three core issues in 2026: global token classification and intermediary definitions, and internet access protection. Schneider stated that the inspiration for the committee's formation comes from the four major entities already present in the Avalanche ecosystem (Ava Labs, the Avalanche Foundation, and two treasury companies), aiming to ensure a unified effort across the ecosystem from a policy perspective and to promote the broader development of the blockchain and crypto industry.Schneider emphasized that global regulatory coordination is crucial; while the rules in different jurisdictions do not need to be identical, establishing common overarching principles will help the industry's development. He pointed out that if the regulatory differences among major jurisdictions are too great, blockchain or crypto companies will face operational disconnection when expanding into new markets or launching globally applicable products.

According to Jinshi reports, Federal Reserve Governor Mester stated that the Federal Reserve's monetary policy is too tight.

According to Jinshi reports, Federal Reserve's Bostic stated that the current policy is not highly restrictive, and perhaps one or two rate cuts could reach a neutral level. He previously expected that there would be no rate cuts in 2026.