The EU is pushing for the transfer of cryptocurrency regulatory functions to the European Securities and Markets Authority (ESMA), with the aim of reducing regional friction through centralized regulation. At the same time, the industry is paying attention to the implementation effectiveness of MiCA regulations and specific areas where adoption is slowing down. （Cointelegraph）
[Bank of America: Fed's Treasury Purchases May Suppress Long-Term Yields]
Bank of America rate strategists stated that the Federal Reserve's purchase of Treasury bills to maintain ample liquidity in the banking system could potentially suppress long-term yields. Wall Street strategists generally expect that the Fed's reserve management purchase operations and the decision in October to use proceeds from mortgage-backed securities to purchase Treasury bills will absorb most of the net supply of Treasury bills over the next year.
[Five Cryptocurrency Companies Granted U.S. Banking License Charter Approval]
Five cryptocurrency companies have been granted U.S. banking license charter approval.
In the past hour, the clearing amount in the cryptocurrency market has exceeded $185 million. （Cointelegraph）
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Federal Reserve's Goolsbee: It is concerning that people suggest the Fed should lower interest rates to fund government debt. This is precisely why the Fed must maintain its independence.