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first_img National Development and Reform Commission: Accelerate the promotion of foundational and comprehensive legislation on artificial intelligence

On November 3, the National Development and Reform Commission held a series of press conferences on advancing the "14th Five-Year Plan," introducing information on cultivating and strengthening new driving forces. Wang Ruomeng, Deputy Director of the Department of Innovation and High Technology Development of the National Development and Reform Commission, stated that there is a broad consensus in society on the coexistence of opportunities and risks in artificial intelligence. During the "14th Five-Year Plan" period, development and security will be coordinated, with security integrated throughout the research, application, and governance of artificial intelligence.Wang Ruomeng emphasized four key areas of work. First, improve the governance rule system, accelerate the promotion of foundational and comprehensive legislation for artificial intelligence, enhance legislation to protect common elements such as data, computing power, and algorithms, as well as to regulate key application scenarios, establish safety standards and ethical guidelines covering the entire lifecycle, and conduct periodic assessments of the implementation of these systems. Second, optimize the regulatory environment, reasonably set a transition period for regulatory policies, provide compliance guidance for applications across different industries, support the establishment of regulatory sandboxes for artificial intelligence in various fields, and improve the management mechanisms for application, testing, use, and exit.Third, clarify the collaborative governance responsibilities of government departments, industry organizations, enterprises, and the public, promote developers and operators to strengthen risk management awareness, timely disclose safety risks, and proactively report safety incidents and vulnerability information. Fourth, address the impact of artificial intelligence on society, pay attention to changes in employment structure, promote the inclusion of new professions such as model trainers and data annotators into the national occupational classification system, and strengthen monitoring and early warning of employment replacement risks; enhance traceability capabilities for issues such as algorithmic discrimination, deep forgery, and privacy breaches, while also strengthening guidance and intervention to prevent addiction and emotional dependence.

JPMorgan Chase: The probability of the Democratic Party sweeping both houses is 66%, while the Republican Party maintaining control of both houses is most beneficial for the U.S. stock market

JPMorgan conducted a scenario analysis on four potential congressional power combinations following the U.S. midterm elections. Among them, the probability of the Democratic Party winning control of both the House and Senate is the highest at 66%; the Republican Party's chance of retaining both chambers is only 7%, but this corresponds to the largest expected increase in the S&P 500 index among the four scenarios. In the scenario where the Democratic Party controls both chambers, the S&P 500 index could drop by 0.25% or rise by 0.5%. Concerns about stricter AI regulations and restrictions on data center construction may trigger a sell-off in AI concept stocks.JPMorgan believes that even if legislation restricting the development of the AI industry is passed by Congress, it would be difficult to gather enough votes to override Trump's presidential veto. Therefore, it suggests that traders consider buying during pullbacks in tech stocks. Fiscal deficit spending may decrease, and long-term U.S. Treasury yields could face downward pressure. Some corporate executives associated with Trump's political donations may face greater risks of congressional investigations. The probability of the Democratic Party controlling the House and the Republican Party controlling the Senate is 26%, with the S&P 500 index expected to rise by 0.5% to 1%. The market may welcome the legislative stalemate brought about by the distribution of power, leading to a potential decline in long-term U.S. Treasury yields, although some companies and their leaders may still face congressional inquiries.In the scenario where the Republican Party retains both chambers, the S&P 500 index is expected to rise by 1% to 1.25%. The market would not have to immediately face new congressional regulatory risks, and the additional policy pressures on tech companies would also be relatively limited; however, fiscal deficit spending may further increase, pushing long-term U.S. Treasury yields higher, and Trump may continue military actions against Iran. The probability of the Republican Party controlling the House and the Democratic Party controlling the Senate is 1%, with the S&P 500 index expected to rise by 0.25% to 0.75%. A split Congress could lead to more intense budget battles, potentially resulting in a federal government shutdown, and the Democratic Party could still conduct congressional investigations after gaining control of the Senate.

first_img mETH Marketing Head Jowella Lim returns to Mantle to oversee product marketing

The marketing head of mETH Protocol, Jowella Lim (X account speicherx), announced that she has rejoined the Ethereum Layer 2 network Mantle, responsible for product marketing. She stated that Mantle has the opportunity to bring global stock exposure on-chain, and the product mStocks is in progress. The official Mantle account responded by welcoming her back.Jowella Lim mentioned that she has made a clear choice regarding her career direction. She noted that this year, areas such as tokenization, perpetual contracts, prediction markets, payments, and stablecoins are developing rapidly, making the team's direction more attractive to her. Her goal is to enhance the visibility of products and assets currently on Mantle and collaborate with ecosystem partners Bybit and Byreal. She also expressed confidence that Mantle will continue to grow among projects built for on-chain adoption.According to her personal website, Jowella Lim has been engaged in marketing at Mantle since April 2024 and has served as the marketing head of the mETH Protocol, incubated by Mantle, since January 2025, being the first marketing employee. The website states that the protocol's peak locked value is $2.19 billion. On the same day, a discussion on the MIP-36 draft appeared in the Mantle forum, proposing to confirm Halo Prime Limited as a strategic partner and issuer of mStocks, describing mStocks as tokenized certificates based on Mantle and linked to listed stocks, with the discussion not involving treasury funds. According to RootData, Mantle originated from BitDAO, completing $230 million in financing in June 2021 and $356 million through an IDO in August of the same year.
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