[Variant Chief Legal Officer: Public Blockchains Remain the Regulatory Standard for Product Development] According to a report by Jinse Finance, Variant Fund Chief Legal Officer Jake Chervinsky stated that despite the emergence of enterprise-controlled L1 networks recently, decentralized public blockchains remain the regulatory standard for product development. Chervinsky noted on the social media platform X that, from a regulatory perspective, many new L1s built by companies for specific product reasons are 'unnecessary' and 'unhelpful.' He emphasized that no U.S. regulatory agency currently requires permissioned validator sets or built-in compliance tools, nor has Congress seriously considered such legislation.

[U.S. SEC and CFTC Propose 24/7 Trading in Traditional Financial Markets to Adapt to Digital Asset Development] Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), and Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), proposed a plan in a joint statement aimed at supporting the development of digital asset markets, suggesting that traditional financial markets implement "24/7 trading." This policy would allow stock exchanges to break free from the current weekday trading time restrictions to accommodate the continuous activity of markets such as cryptocurrency, gold, and foreign exchange. Since 1985, U.S. securities markets have adhered to strict trading schedules, and this proposal could signify a major shift. Additionally, the two chairs suggested loosening restrictions on the innovation of event contracts in prediction markets and promoting the free trading of perpetual derivative contracts between securities and commodity exchanges. They also proposed establishing an "innovation exemption" for DeFi protocols offering spot cryptocurrency and perpetual derivative contract trading to foster the development of related technologies. These proposals align with the Trump administration's previous report advocating for the relaxation of cryptocurrency trading restrictions.

[Draft Bill by U.S. Senate Banking Committee Proposes Excluding Staking, Airdrops, and DePIN Networks from Securities Regulation] The latest market structure draft bill from the U.S. Senate Banking Committee incorporates feedback from stakeholders and lobbying groups, proposing several significant revisions. The draft explicitly states that 'ancillary assets' will be excluded from the definition of securities, staking and airdrops will not be considered securities, and the SEC and private litigants are prohibited from taking action against non-fraudulent tokens issued prior to the enactment of the bill. Additionally, new provisions exempt decentralized physical infrastructure networks (DePIN) from being subject to securities laws, while retaining protections for software developers, self-custody, and exemptions for DeFi. The draft also mandates that the SEC and CFTC coordinate digital asset regulation through a joint advisory committee and resolve potential disputes. These revisions aim to provide a clearer legal framework for the crypto industry.

1. The non farm payroll in the United States increased by 22000 in August, lower than expected, and the unemployment rate recorded 4.3% 2. Market traders predict that the Federal Reserve may cut interest rates by 50 basis points this month 3. Analysts say non farm payroll data strengthens expectations of three Fed rate cuts this year 4. White House economic advisor says Fed may discuss significant interest rate cuts 5. Trump hinted that he will soon announce the candidate for Federal Reserve Chairman 6. New Zealand FMA launches tokenization regulatory consultation to assess current regulatory impact 7. Bullish European subsidiary obtains MiCA license in Germany 8. The Republican Party in the United States plans to revise rules to accelerate the confirmation of nominations for Federal Reserve Board members The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/484446

[New Zealand FMA Launches Tokenization Regulatory Consultation] The New Zealand Financial Markets Authority (FMA) has launched a tokenization consultation, running until the end of October, aimed at assessing whether current regulations hinder the development of tokenization. The FMA stated that tokenization projects are mostly led by already regulated institutions, while startups tend to avoid regulation due to high licensing costs and other issues, which may weaken consumer protection and lead some businesses to shift to overseas markets with lower regulatory requirements.