chairman

According to the Shanghai Securities Journal, Wu Qing, the Chairman of the China Securities Regulatory Commission, stated at the 2026 Lujiazui Forum that the next step will be to timely release guidelines for the standardized development of artificial intelligence in the capital market.Wu Qing pointed out that the CSRC will strictly investigate and deal with illegal activities such as using technology to ride on trends, hype concepts, and even manipulate the market and insider trading; at the same time, it will legally and strictly crack down on illegal stock recommendations using artificial intelligence, as well as industry chaos such as spreading rumors and illegal trading using artificial intelligence.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated that the review of cryptocurrency perpetual contracts will be conducted on a "single asset" basis. CFTC staff had previously clarified this position in the advisory opinion regarding 24/7 continuous trading, and the regulator will assess the compliance of perpetual products for different underlying assets using this framework.

Mike Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on the X platform to clarify several misunderstandings in the market regarding perpetual futures contracts and to address the controversy arising from the recent approval of related contracts by the CFTC. Mike Selig stated that the Commodity Exchange Act and relevant CFTC rules do not explicitly require that "futures contracts" must have a fixed expiration date or delivery date. Since Congress has not clearly defined this term, the identification of futures contracts is primarily based on judicial precedents and CFTC interpretations, and a fixed expiration date is not a necessary condition.In response to the claim that "the CFTC-approved BTCPERP contract allows U.S. users to use 250 times leverage," high leverage is not a characteristic of the perpetual contract structure itself, but rather a feature of the previous offshore trading model. Perpetual contracts regulated by the CFTC will adhere to the same leverage limits as other regulated futures products.Regarding the criticism that "the CFTC did not provide opportunities for industry participation and feedback," the CFTC publicly solicited opinions on "perpetual contracts" and "24/7 trading" in April 2025 and received over 100 responses from industry participants, including several CFTC-registered entities. Additionally, concerning the view that the funding rate mechanism is believed to incur high costs and induce undesirable market behavior, after considering the costs of opening positions and rolling over traditional term futures contracts, the annualized holding cost of the perpetual contract funding rate is roughly equivalent to that of traditional futures. The funding rate mechanism actually helps maintain price anchoring.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), published an article clarifying four major misconceptions about perpetual futures contracts.Regarding the misconception of "fixed expiration date": There is a viewpoint that the defined "futures contract" requires a fixed expiration date or delivery date, and the indefinite nature of perpetual contracts is inconsistent with congressional intent. Selig clarified that neither the Commodity Exchange Act nor CFTC regulations provide a clear definition of the term "futures contract," nor do they require a fixed expiration date or delivery date. Since Congress did not define the term, the criteria for its determination are provided by case law and committee interpretation, both of which do not require a fixed expiration date.Regarding the misconception of "high leverage": There is a viewpoint that the CFTC approved a futures contract allowing Americans to use leverage of up to 250 times when approving the BTCPERP contract, violating its own rules. Selig clarified that extreme leverage has been a characteristic of trading perpetual contracts in offshore venues since their inception, and is not inherent to the contract structure itself. The perpetual contracts regulated by the CFTC are subject to the same leverage limits as other futures contracts regulated by the CFTC.Regarding the misconception of "public opinion": There is a viewpoint that the CFTC did not provide the industry with an opportunity to participate or express opinions. Selig clarified that the CFTC released a request for comments on "perpetual contracts" and "24/7 trading" in April 2025, soliciting public input, and received over 100 comments from a wide range of stakeholders, including many registered entities regulated by the CFTC.Regarding the misconception of "funding rates": There is a viewpoint that the funding rate mechanism imposes unique and prohibitively high costs on market participants, fostering bad behavior in the market. Selig clarified that after considering the costs associated with opening positions and rolling over contracts with expiration dates, the annualized cost of holding futures contracts with expiration dates is roughly equivalent to that of perpetual contracts. The funding rate mechanism is far from fostering bad behavior; rather, it is a constraint tool that keeps the contract linked to the underlying spot market.

According to Jinshi reports, U.S. President Trump stated that he would not mind whether Federal Reserve Chairman Waller lowers interest rates.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the enforcement actions during the Biden administration are "politically targeted" at Gemini co-founder cryptocurrency exchanges and that he is pushing for a correction in the handling of related cases.Under Michael Selig's leadership, the CFTC last week requested a federal court to withdraw the $5 million settlement reached between the agency and Gemini in January 2025. This settlement occurred before the Donald Trump administration took over the commission. Gemini co-founders Tyler Winklevoss and Cameron Winklevoss had each donated $1 million to Donald Trump's 2024 campaign and attended White House events, including the signing ceremony of the GENIUS Act related to stablecoins.

In a recent speech, the Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, revealed that the trading volume of 12 licensed virtual asset trading platforms in Hong Kong has exceeded HKD 640 billion for 2025, with the trading volume in the first quarter of this year increasing nearly threefold year-on-year.In addition, brokers engaged in virtual asset-related businesses saw their commission income related to this sector grow by over 80% year-on-year last year.

U.S. SEC Chairman Paul S. Atkins stated during a speech at the 2026 Reagan National Economic Forum that the U.S. Securities and Exchange Commission is advancing the "New Era of the SEC" regulatory reform, focusing on modernizing digital asset regulation, promoting the development of on-chain capital markets, and supporting the U.S. to become a "global crypto hub."Paul Atkins criticized the previous SEC's "regulatory hostility" towards the digital asset industry, stating that a large amount of crypto innovation was forced to move overseas as a result. He mentioned that with the support of the Trump administration, the SEC has launched "Project Crypto" and is collaborating with the U.S. Commodity Futures Trading Commission to promote on-chain market infrastructure and coordinate crypto regulation.The SEC has recently clarified which digital assets are considered securities and which are not, and is advancing an innovative exemption mechanism for "tokenized listed securities," while also studying how on-chain trading systems can fit within the existing regulatory framework.In addition, Paul Atkins emphasized that the SEC will reduce "over-disclosure" and regulatory burdens, promoting the "Make IPOs Great Again" reform, which includes lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing the repeal of climate disclosure rules introduced during the previous administration. The future of the U.S. capital markets should be built on a foundation of "free markets and innovation-driven" principles, and the role of regulatory agencies should be to provide clear rules and legal certainty, rather than suppressing technological development.

According to Jinshi reports, U.S. Treasury Secretary Basant stated that he believes Federal Reserve Chairman Waller will take the right measures to balance inflation and growth.

Paul Atkins, the Chairman of the U.S. SEC, stated that the SEC has long been at odds with the development of new technologies and innovations, leading entrepreneurs to turn to overseas markets. He said this phase has ended. Under President Trump’s leadership and with the cooperation of government and congressional colleagues, the SEC is providing what it calls the "much-needed clarity" for the digital asset market.

According to official social media news, Huobi HTX will hold a themed live broadcast event titled "The Federal Reserve Chairman Who Understands Crypto: Will BTC Enter a Policy Honeymoon Period?" today at 8 PM (UTC+8). This event will take the form of a debate, where 0xpink, amber, Zichong, and Maomaojie will face off against Xiao Nezha, Daling, Dabiage, and 0xmoon, engaging in an in-depth discussion on changes in Federal Reserve policy expectations, macro liquidity trends, and the future market outlook for Bitcoin.

According to Jinshi reports, U.S. Treasury Secretary Becerra stated that Federal Reserve Chairman Waller should take responsible actions to address the challenges of inflation and economic growth.

Bloomberg senior ETF analyst Eric Balchunas stated that the chairman of the U.S. Securities and Exchange Commission (SEC) is seeking public opinion on "prediction market ETFs." The regulator is clearly still weighing this new type of product and hopes to gain more time and feedback. Such products are essentially brand new (somewhat similar to crypto assets), and the regulator needs to ensure a thorough understanding of the risks and mechanisms before "opening the floodgates" to establish sufficient confidence.

According to Coin Desk, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad stated that despite Trump's public commitment to oppose central bank digital currencies (CBDC) and government-backed stablecoins, the U.S. may ultimately launch a government-supported on-chain digital dollar scheme driven by the global development of tokenized finance.Massad mentioned that the White House is conducting closed-door research on the relevant infrastructure, and the U.S. has also participated in the Bank for International Settlements (BIS) Project Agora. Mark Gould, head of payment services at the Federal Reserve, stated that a digital dollar is currently not within the Federal Reserve's responsibilities, but if a government-supported digital dollar is launched, it will be the responsibility of the Federal Reserve.

According to The Block, Bitcoin fell below $77,000 on Sunday night Eastern Time, reaching a low of $76,593. Analysts pointed out that the main trigger was U.S. President Trump threatening Iran in a post on Truth Social, stating that military action would be taken if the peace agreement continued to be delayed, raising geopolitical risks.Meanwhile, Brent crude oil rose 1.78% to $111.2 per barrel, and WTI crude oil increased 2.2% to $107.7 per barrel, as the market worries that rising oil prices will increase inflation and prompt the Federal Reserve to resume interest rate hikes. Additionally, Bitcoin ETFs recorded a net outflow of $1 billion last week, ending a six-week streak of net inflows, and the Fear and Greed Index fell back to a "fear" range of 27.Analysts stated that in the short term, Bitcoin will be highly correlated with the macro market, with $74,000 being a key support level. Attention should be paid to the policy statements of the new Federal Reserve Chair, Waller, and the progress of the "Cryptocurrency Clarity Act."

FOX reporter Charles Gasparino posted on the X platform that the new Federal Reserve Chairman Kevin Warsh faces a dual challenge of rising inflation and pressure from Trump for interest rate cuts right from the start of his tenure. The annualized level of consumer inflation has risen to 3.8%, the highest since May 2023, with the Iran war driving up energy prices as a major factor. Last week, the increase in wholesale prices exceeded that of consumer prices. On Friday, the futures market began to price in interest rate hikes for the year, as previous bets on rate cuts have largely faded.Warsh himself is a staunch inflation hawk. Since leaving the Federal Reserve for an academic position in 2011, he has repeatedly criticized the "loose monetary" regime of the Bernanke, Yellen, and Powell eras in op-eds, advocating for a more "restrained" policy to shrink the Federal Reserve's balance sheet. He believes that the Federal Reserve's loose policies over the years are the root cause of the current inflation pressures. However, in the face of high inflation, his room for interest rate cuts is extremely limited.Meanwhile, the Federal Reserve's rate-setting committee is no longer united. Former Chairman Powell, replaced by Trump, still retains voting rights as a board member. Powell stated that he would not leave until the dust settles on the investigation into his congressional testimony regarding the costs of the new Federal Reserve headquarters—an investigation initiated by Trump that previously delayed Warsh's appointment process. Trump is appointing Warsh while simultaneously pressuring for interest rate cuts.However, if Warsh gets his way, it would directly contradict his consistently advocated policy stance. The Iran war has entered its third month, and the situation remains uncertain; if oil prices break through $200 per barrel, the U.S. economy could face risks similar to the "stagflation" of the 1970s.

According to WIRED, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the agency is using artificial intelligence technology to investigate insider trading in prediction markets such as Polymarket.In the past year, several traders on Polymarket have been suspected of using insider information to bet on geopolitical events such as the Venezuela raid and the Iran war, resulting in significant profits and drawing widespread attention.Previously, a U.S. Special Forces soldier was arrested for allegedly profiting from betting on the Maduro arrest using classified intelligence on Polymarket, becoming the first criminal case of insider trading in a prediction market in the United States.