#常见交易错误 Policies and Regulatory Dynamics

1. New Chair of Federal Reserve's Regulatory Committee Takes Office, Crypto Policy May Shift

Michelle Bowman has been promoted to Vice Chair of Financial Supervision at the Federal Reserve, proposing to lower capital requirements for banks holding crypto assets, which may accelerate Wall Street's layout of custody services. However, consumer organizations warn that its tendency towards 'deregulation' could increase systemic risks.

2. Divergence in Stablecoin Progress between China and the U.S.

United States: Circle (the issuer of USDC) lists as the 'first stablecoin stock' on the New York Stock Exchange, soaring 168% on its first day, with a market cap exceeding $25 billion.

China: JD's stablecoin enters the second phase of sandbox testing, focusing on validating scenarios such as cross-border payments (cost savings + near-instant settlement) and investment trading, working closely with regulators to promote compliance.