chairman

Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission (SEC) wrote to Robert Walley, Chairman of the Consolidated Audit Trail (CAT) Operating Committee, indicating that the SEC plans to undertake a comprehensive reform of the CAT system, including adjustments to its governance structure, funding sources, and operational model.Atkins stated that during his tenure, the SEC has significantly reduced the annual operating costs of CAT by issuing exemptions and approving amendments to the CAT NMS plan, and has eliminated the requirement to report personally identifiable information (PII) to the CAT system.These reforms have lowered system costs and the scope of data collection, but CAT still faces fundamental issues regarding costs, governance, and funding mechanisms. To address these issues, the SEC released a concept request for comments on April 16, 2026, to conduct a comprehensive review of CAT and other audit trail systems and data sources used in the regulation of U.S. securities markets.The SEC indicated that it has received hundreds of feedback comments, with one core consensus being that investors and market participants want the SEC to take more responsibility for the management and funding arrangements of CAT.Atkins stated that he has asked SEC staff to propose deep reforms for CAT, including: 1. Exploring new funding sources for CAT, including the use of congressional appropriations and transaction fees under Section 31 of the Securities Exchange Act; 2. Drafting rule proposals that, if approved, would repeal Rule 613 and require exchanges, FINRA, and broker-dealers to continue using the existing CAT infrastructure and reporting standards to submit CAT data directly to the SEC or its designated agency; 3. Assessing the internal resource needs of the SEC to prepare for the SEC's future assumption of governance responsibilities for CAT.The SEC expects that this reform will involve multiple stages and will need to be advanced simultaneously, with the overall transition potentially lasting until the end of 2027.

Luke Dashjr posted on the X platform that he will temporarily step down as the chairman and chief technology officer of OCEAN and shift his focus to Bitcoin and supporting open-source projects related to Bitcoin.Luke Dashjr is a core supporter of BIP-110, but on August 9, the default endpoint of OCEAN's stratum has reverted to a non-BIP-110 chain, and miners' hashes are no longer defaulted to be directed to the BIP-110 chain.

Federal Reserve Chairman Waller has sold all financial assets he committed to divest. Waller signed an ethics compliance certification with the government ethics office last Thursday, which was made public on the agency's website on Saturday. Waller had previously submitted a divestiture certification to the ethics office, showing that he had sold most of the assets he committed to divest. The latest disclosure document indicates that he has sold the remaining holdings involved in the agreement.Waller is one of the wealthiest officials in Federal Reserve history. He had committed to divesting holdings in several investments, the underlying assets of which were not disclosed due to confidentiality agreements—some of which are valued at least $100 million.

According to BeInCrypto, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that the CLARITY Act, aimed at regulating the cryptocurrency market, will be voted on before Congress goes into recess, and "there will undoubtedly be a vote."In an interview with Fox News, Scott mentioned that the Senate might extend its working hours, not limited to the next two days, to push forward the relevant legislation. He noted that there is a consensus forming within the Republican Party regarding the bill and believes that advancing a cryptocurrency regulatory framework "is in the interest of the United States."Tim Scott stated, "We will get this done."The CLARITY Act aims to further clarify the regulatory framework for digital assets in the United States, delineating the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the cryptocurrency market. Supporters believe that the bill will provide clearer rules for the industry and help the U.S. maintain its competitiveness in the digital asset space.Currently, the bill still faces internal congressional disputes regarding consumer protection, regulatory authority, and market risks. If ultimately passed, it will be an important step in building the U.S. cryptocurrency regulatory system.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote in The Economist that the global derivatives market is entering a new stage of development, where financial innovation needs to lead, rather than introduce regulatory models that may restrict market development.Michael Selig pointed out that for decades, derivatives (including financial contracts such as futures, options, and swaps) have been important tools for businesses, farmers, investors, and financial institutions to manage risk and optimize capital allocation. Today, the nominal value of the global derivatives market has exceeded $1.2 quadrillion, with nearly half of the market regulated by the CFTC.He stated that the United States' leadership in the derivatives field is built on generations of market competition, strong institutions, effective regulation, and an open attitude towards innovation. For a long time, global regulators have regarded the CFTC as a benchmark for efficient market regulation.Selig said, "The new era of finance needs innovation, not consensus." The United States will not introduce regulatory measures that hinder market development but will seek a balance between innovation and market efficiency. During his tenure, the U.S. will continue to play a leading role in the formulation of derivatives market rules and financial innovation, driving the market to remain competitive.

According to Jinshi reports, Federal Reserve Chairman Waller stated that he is considering reducing the frequency of Federal Reserve policy meetings.

According to Decrypt, SEC Chairman Paul Atkins stated that if Congress fails to pass the Clear Act, the SEC is "ready at any time" to establish its own cryptocurrency market rules. Atkins emphasized that legislation is the only way to prevent the regulatory framework from changing with each new administration and expressed optimism about the bill's eventual passage.Currently, the Clear Act passed the House of Representatives last July with a vote of 294-134 and was approved by the Senate Banking Committee this May with a vote of 15-9, but it has not yet been voted on by the full Senate (which requires 60 votes to pass). Senate Majority Leader Chuck Schumer recently hinted that the bill may not be completed before the August recess. If passed, the bill would transfer the regulatory authority over the spot market for most tokens to the CFTC, removing it from SEC jurisdiction. The SEC has already made preparations, and the "Project Crypto" regulatory framework promoted by Atkins has been included in the 2026 agenda, covering aspects such as token registration exemptions, safe harbors, and broker custody, and is seen as a transitional plan for the Clear Act.

According to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Waller is outstanding.

According to Jinshi, the Director of the National Economic Council of the White House, Hassett, stated that our confidence in Federal Reserve Chairman Waller has never been stronger.

According to The Block, the National Football League (NFL) sent a letter to CFTC Chairman Michael Selig on July 27, responding to the recent draft regulatory framework for prediction markets released by the CFTC, requesting enhancements in several key areas. The NFL emphasized in the letter that protecting the integrity of the game is its top priority and called on the CFTC to tighten the definition of high-risk contracts that are susceptible to manipulation, rely on referee discretion, or have outcomes that can be known in advance.In addition, the NFL expressed objections to the 10-day pre-approval window being too short, requested clarification on the insider trading ban, established a mandatory "league-exclusive prohibited bettors" list, and reiterated previous consumer protection recommendations such as banning margin trading, limiting advertising, and setting a 21-year age threshold.

SK Hynix's leader, Choi Tae-won, stated that South Korea must become an "AI-native country," adding, "The goal is for everyone to have at least one AI agent." He said, "If this goal is achieved, South Korea will become a global AI testing ground, allowing various AI technologies to be experimented with and applied here."Choi Tae-won mentioned that SK Group will provide more opportunities for AI development through continuous R&D investment. He also emphasized that reducing AI costs is crucial. He stated, "Currently, AI costs are too high." "We must find various ways to lower costs so that more people around the world can enjoy the benefits brought by AI."Choi Tae-won indicated that South Korea can lower AI costs by expanding the production scale of memory chips and building more AI data centers, creating a global AI data center hub that connects the United States, Europe, and Asia.

Fang Xinghai, former member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

According to Jinshi reports, Goldman Sachs' latest research report shows that inflationary pressures in the United States are spreading from a few industries to a broader range of sectors. Although the current inflation level has not yet reached the peak of 2022, the coverage of rising prices is expanding, posing greater challenges for Federal Reserve policy. Goldman Sachs economist Jessica Rindels analyzed the degree of inflation diffusion based on the Personal Consumption Expenditures (PCE) price index, which the Federal Reserve focuses on, using a six-month annualized change rate.The data shows that compared to the average inflation level from 1990 to 2019, the pressure index for inflation categories exceeding 3% has reached about "6," while this index was "10" at the peak of inflation in 2022.The report points out that areas such as audio-visual equipment, financial services, healthcare, and transportation have become significant sources of current price increases. Meanwhile, housing rent inflation, which has a high weight in the PCE, is expected to fall below 3% in the fourth quarter of this year, potentially becoming an important factor in alleviating inflationary pressures.Goldman Sachs' analysis resonates with the recent concerns of new Federal Reserve Chairman Kevin Warsh regarding the "diffusion" of inflation. Warsh stated that preventing price increases from spreading to more sectors of the economy is an important task for the Federal Reserve. However, unlike the more explicit policy communication style of former Chairman Powell, Warsh currently refuses to provide specific guidance on interest rate paths.Jeremy Schwartz, a senior U.S. economist at Nomura Securities, stated that the Federal Reserve is reducing its forward guidance to the market, and this policy uncertainty has increased concerns on Wall Street. Meanwhile, hawkish voices within the Federal Reserve are rising. Dallas Federal Reserve President Logan has expressed support for moderate interest rate hikes, believing that the current economic resilience does not match the inflation risks.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that one year after the "GENIUS Act" became law, the United States has become the "global cryptocurrency capital" and thanked U.S. President and Senator Bill Hagerty for their leadership in achieving this goal.

U.S. Congressman Bryan Steil expressed optimism on Fox News that the CLARITY Act is expected to pass in the Senate next week, emphasizing that the U.S. needs to establish a regulatory gold standard in the digital asset space. Bryan Steil currently serves as the Chairman of the House Administration Committee and also chairs the Subcommittee on Digital Assets, Financial Technology, and Inclusion within the Financial Services Committee.

According to Etoday, SK Group Chairman and Chairman of the Korea Chamber of Commerce and Industry Choi Tae-won stated today at the Korea Chamber of Commerce and Industry Summer Forum that despite the recent significant decline in SK Hynix's stock price, investors should not frequently buy and sell, but should hold stocks from a long-term perspective.With the continuous development of the artificial intelligence industry, the demand for storage will continue to grow. He said, "AI is still like a 4-year-old child now, but it will eventually grow into an adult. The market will still require a large amount of memory support, and the related demand will inevitably grow exponentially. Although it is impossible to predict next month's stock price trend, do not repeatedly buy and sell; quietly holding is a better way to protect assets."

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that innovators and market participants in the cryptocurrency industry need clear regulatory expectations, and the CLARITY Act will establish a comprehensive regulatory framework for digital assets. The future development of the U.S. cryptocurrency market requires a certain regulatory environment, and the CLARITY Act can provide "forward-looking" regulatory rules for digital assets. If the U.S. wishes to maintain its position as a global cryptocurrency hub, this bill is "legislation that must be passed."The CLARITY Act aims to further clarify the division of regulatory responsibilities in the digital asset market and establish a systematic framework for cryptocurrency asset trading, market structure, and regulatory authority. Supporters believe that the bill helps reduce regulatory uncertainty and promotes the development of businesses and capital in the U.S. market. Mike Selig has previously emphasized the need for clear and enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This statement further reflects the trend of U.S. regulatory agencies pushing for clearer rules in the cryptocurrency industry.

Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the cryptocurrency market structure bill, the Clarity Act, "is very close to being finalized," and urged Congress to complete its passage before the August recess.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that under the supervision of the U.S. President's Digital Asset Market Working Group, the U.S. will never launch a central bank digital currency.

Paul Atkins, the Chairman of the U.S. Securities and Exchange Commission (SEC), stated that over the past year, the SEC has actively responded to President Trump's goal of "making America the world's crypto capital" and is taking historic steps to modernize rules and regulations to promote the market's migration to on-chain.