Xiao Gang, former chairperson of the China Securities Supervision Commission, said at the "AI + Finance" summit of the National Wealth Development Research Cooperation Platform on December 22 that artificial intelligence is a "double-edged sword". On the one hand, it has led a new round of technological revolution and industrial revolution, profoundly changed social production and life, and also profoundly changed the business format and model of the financial industry. On the other hand, it has...
Chris Giancarlo, the former chairperson of the US Commodity Futures Trading Commission (CFTC), has pushed for the legalization of bitcoin futures and has been hailed by the industry as the "father of crypto." Giancarlo has repeatedly stated publicly that the CFTC is ideal for regulating crypto markets, especially in the context of bitcoin and ethereum being treated as commodities. The Trump administration's plan is in line with Giancarlo's claims, providing policy support for the CFTC to play a ...
Jay Clayton, a former chairperson of the Securities Exchange Commission (SEC), said Wednesday that cryptocurrency legislation could come under President-elect Donald Trump. In an interview with a New York securities lawyer, Clayton expressed optimism about moving forward with cryptocurrency regulation, saying: I think we're going to see crypto legislation. I think it's a lot easier to have crypto legislation if you're addressing some issues that can be addressed at the executive and executive le...
Dudley, the former chairperson of the New York Federal Reserve, said he himself turned from hawk to dove two weeks ago, abandoning support for further Fed rate hikes and instead advocating an immediate rate cut to avoid a recession. The longer the Fed waits, the more likely the potential damage will be after more evidence of a weakening US labour market and further moderation in inflation in the past two weeks. Fed members' estimates of the neutral rate range between 2.4% and 3.8%, which is...