ChainCatcher news, according to CoinDesk, two insiders revealed that India has not yet released a discussion paper outlining its cryptocurrency policy stance, as officials are focused on other priorities. The paper was initially expected to be published in September after consultations with stakeholders such as the central bank and market regulators. Insiders stated that the intention to publish still exists, but there is no timeline yet.India is the world's fifth-largest economy, but the country has not yet developed comprehensive cryptocurrency legislation, and this discussion paper is expected to take a step in that direction. The country claims that cryptocurrencies are unregulated, but it has imposed high taxes on the industry and requires cryptocurrency entities to register with the country's Financial Intelligence Unit (FIU-IND) to comply with anti-money laundering (AML) and counter-terrorism financing standards set by global organizations such as the Financial Action Task Force (FATF).

ChainCatcher News, the campaign website of U.S. Vice President and Democratic presidential candidate Harris has released a proposed policy position list for her future presidential administration, including: tax cuts for middle-class families, making rent more affordable, among other issues, but it does not mention topics related to cryptocurrency.In her support for U.S. innovation-related issues, Harris will build on the progress made by the current administration to ensure that American industries and workers thrive. Vice President Harris will continue to support America's leadership in semiconductors, clean energy, artificial intelligence, and other future cutting-edge industries.

ChainCatcher news, online broker Axi analyst Hiago Duarte stated that the market's reaction to Biden's withdrawal from the U.S. presidential race depends on how investors view Vice President Harris's policies. The analyst noted that Harris's focus on expanding healthcare coverage could benefit the pharmaceutical and insurance industries, while her support for technological innovation and green energy could be favorable for stocks in those sectors. However, the prospect of increased regulatory scrutiny under Harris could negatively impact financial stocks. Nevertheless, Trump is now widely regarded as the most likely candidate to win the U.S. presidential election, which may lead to a more subdued market reaction. (Jin Shi)

ChainCatcher news, according to Caixin, the Federal Reserve's meeting minutes show that the vast majority of officials believe that U.S. economic growth is gradually cooling, and most participants consider the current policy stance to be restrictive. The Federal Reserve is waiting for "more information" to gain confidence in cutting interest rates. Some participants indicated that policy should be ready to respond to unexpected economic weakness at any time, and several Federal Reserve officials stated that if demand weakens, the unemployment rate may rise.Several participants noted that if inflation remains at a high level or rises further, it may be necessary to raise interest rates.In addition, Federal Reserve spokesperson Nick Timiraos stated that the meeting minutes suggest they are unlikely to cut interest rates at the meeting later this month.