U.S. Senate Democrats Unveil Framework for Cryptocurrency Market Structure
On September 9, twelve Democratic senators unveiled a cryptocurrency market structure framework with seven core pillars. Proposals include granting CFTC oversight of non-security tokens, clarifying token classification, mandating issuer disclosures, tightening trading platform compliance, and strengthening enforcement against illicit financial activity.
U.S. SEC Schedules Crypto Policy Roundtable for October 17
The SEC’s Cryptocurrency Working Group will host a public roundtable on “Financial Surveillance and Privacy” October 17 in Washington, D.C. Commissioner Hester Peirce emphasized privacy technologies’ importance, noting they can help balance individual rights with regulatory oversight as the SEC coordinates cryptocurrency policy with other financial agencies.
White House Crypto Advisor: Federal Cryptocurrency Reserve Among Top Priorities
Patrick Witt, newly appointed cryptocurrency advisor to President Trump, pledged to continue Bo Hines’ work. He urged lawmakers to craft a comprehensive crypto policy, pressed regulators for stablecoin legislation, and emphasized creating a federal cryptocurrency reserve as a national priority.
U.S. Proposal Aims to Study Creation of Strategic Bitcoin Reserve
The U.S. House introduced H.R. 5166, a fiscal 2026 funding bill requiring the Treasury Secretary to evaluate creating a strategic Bitcoin and digital asset reserve. Within 90 days, Treasury must report to Congress on feasibility, financial impacts, custody arrangements, transfer mechanisms, and security challenges associated with such reserves.
Softer U.S. Employment Data Increases Pressure on Fed to Cut Rates
The U.S. government reported job growth was overstated by 911,000 for the year ending March, pointing to earlier weakness before Trump’s tariff measures. Analysts believe this downward revision won’t significantly alter monetary policy, as the Federal Reserve is still projected to resume rate cuts in next Wednesday’s decision.
Citigroup: Bullish Drive in U.S. Stocks Slows, Europe Hit by Political Risks
Citigroup reported weakening bullish momentum in U.S. equities, with similar softness in European markets. Investors in Europe face heightened political turmoil in France, while the European Central Bank is expected to hold interest rates steady for a second consecutive meeting this Thursday.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
