ChainCatcher news, when asked at an event in Dallas whether he would consider becoming the first Federal Reserve Chair to remain on the board after his term as Chair ends in over 70 years, Federal Reserve Chair Powell simply stated that he is committed to completing his term as Chair.Powell said, "I must serve to the end; this is the most important thing during my term. This is what I have decided and what I am considering." Powell's term as a board member will expire in January 2028. The last former Chair to continue serving after their term as Federal Reserve Chair ended was Marriner Eccles, who stepped down as Chair in January 1948 but did not leave the board until July 1951.

ChainCatcher news, according to Jinshi reports, at an event in Dallas, when asked whether he would consider being the first Federal Reserve Chair to remain on the Board of Governors after the end of his term in over 70 years, Federal Reserve Chair Powell simply stated that he is committed to completing his term.Powell said, "I must serve to the end; this is the most important thing during my term. This is what I have decided and what I am considering." Powell's term as a Board member will expire in January 2028. The last chair to continue serving after the end of their term as Federal Reserve Chair was Marriner Eccles, who stepped down as Chair in January 1948 but did not leave the Board until July 1951.

ChainCatcher news, according to Cointelegraph, Trump's transition team is considering pro-crypto Summer Mersinger to serve as the chair of the Commodity Futures Trading Commission (CFTC). Mersinger advocates for a more lenient regulatory approach to cryptocurrencies and has criticized the CFTC for handling crypto companies with an "enforcement-first" approach.Other candidates include former CFTC commissioner Jill Sommers and former official Josh Sterling. This move could impact the regulatory direction of the U.S. crypto market.

ChainCatcher news, Federal Reserve Chairman Powell: The Federal Reserve is committed to completing the task of controlling inflation. A strong economy allows the Federal Reserve to make decisions cautiously.

ChainCatcher news, former CFTC Chairman Chris Giancarlo posted on X: "Regarding the rumors about my possible appointment to the SEC, I have made it clear that I cleaned up the 'mess' left by Gary Gensler during my time at the CFTC and do not wish to do it again. The rumors in DC about my interest in a crypto-related position at the Treasury Department are also not true."

ChainCatcher News, SEC Chairman Gary Gensler has once again called for cryptocurrency exchanges to register and urged those selling securities to make appropriate disclosures, as his tenure leading the agency may be coming to an end.On Thursday, at the 56th Annual Securities Regulation Institute of the American Bar Association, Gensler stated in prepared remarks that many of the 10,000 digital assets in circulation are securities.Gensler said, "Overall, aside from Bitcoin, Ether, and stablecoins, the rest of this market is valued at about $600 billion, which is less than 20% of the entire cryptocurrency market and less than a quarter of the global capital markets."Gensler's remarks came after President-elect Donald Trump won the U.S. presidential election last week. Trump has indicated he would fire Gensler. Sources say Gensler is likely to resign, like other chairmen in the past.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will participate in a dialogue at 04:00 AM Beijing time on November 15 (Friday), where he will publicly speak for the first time since the November FOMC meeting and may comment on recent economic data.

ChainCatcher news, former SEC Chairman Jay Clayton stated on Wednesday that the U.S. Congress may pass legislation regulating cryptocurrencies after Trump takes office. Clayton also expressed his support for easing regulatory burdens to encourage companies to go public, indicating that there will be a broad shift in public policy, which the industry is currently anticipating, having spent significant amounts to influence this month's presidential election. (Jin Shi)

ChainCatcher News, President-elect Donald Trump hinted that he would bypass the Senate confirmation process to appoint members of his administration, which seems to also include replacing Securities and Exchange Commission (SEC) Chairman Gary Gensler.In a post on X on November 10, Trump stated that only he has the authority to choose which U.S. senator will serve as the Senate Majority Leader starting from the swearing-in of the new Congress in January 2025. He hopes that the potential Majority Leader will agree to make appointments during the recess to bypass the confirmation process and allow people to take office "immediately," rather than going through the questioning and scrutiny of lawmakers.

ChainCatcher news, former SEC Chairman John Reed Stark posted on the X platform stating, "The harsh reality is that people have spoken, the SEC should stop all crypto enforcement actions, dismiss or settle all ongoing crypto lawsuits, and current Chairman Gensler should resign. President Trump's victory is a tremendous overwhelming win and should be respected. The crypto market will usher in unprecedented prosperity."

ChainCatcher message, former SEC Chairman Jay Clayton stated in an interview with CNBC: "If Musk wants to use 20% of his energy to make America better, we should figure out how to make that happen. We should have ethical rules, transparency, etc., but we should not prevent Musk from joining the Trump administration."

ChainCatcher news, according to Bloomberg, informed sources revealed that Richard Farley, a partner at Kramer Levin Naftalis & Frankel, and Norm Champ, a partner at Katten Muchin Rosenman LLP, are among the candidates to succeed Gary Gensler as the chairman of the U.S. Securities and Exchange Commission.Other informed sources indicated that Dan Gallagher, legal chief of Robinhood Markets Inc., current SEC commissioner Mark Uyeda, and former Commodity Futures Trading Commission chairman Heath Tarbert are also under consideration. Informed sources stated that former SEC commissioner Paul Atkins and Willkie Farr & Gallagher partner Robert Stebbins are also in the running.Some informed sources said that members of President-elect Donald Trump's transition team and other advisors began discussions with potential candidates after the election. Discussions are ongoing, and candidates may not be finalized for several weeks. Regardless of Trump's choice, the next chairman of the SEC is likely to closely review major rules from the Gensler era that are yet to be implemented or have not yet taken effect, and seek to reduce regulation on the digital asset industry to comply with securities laws.

ChainCatcher news, according to Jinshi reports, the Trump team is considering listing Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for the Chairman of the U.S. Securities and Exchange Commission.

ChainCatcher message, Federal Reserve Chairman Powell stated that the overall economic performance is strong, and the Federal Reserve will continue to focus fully on its dual mandate objectives.

ChainCatcher message, Federal Reserve Chairman Powell will hold a monetary policy press conference in ten minutes.