PA Daily | Waller Sworn in as Fed Chair; SEC Delays Release of U.S. Stock Tokenization Innovation Exemption Policy
Summary
Kevin Wash was sworn in as Chair of the Federal Reserve and President Trump signaled limits to forward guidance while issuing two financial executive orders that affect crypto and banking access. The US SEC approved Nasdaq bitcoin index options but delayed a planned tokenized-asset exemption due to concerns about third-party token issuance and rights. Chinese regulators proposed heavy fines for Futu and Tiger Brokers, Squid and JPYC announced financing rounds, and reports indicate Anthropic may close a very large funding round soon. Polymarket disclosed a private-key leak that froze part of the stolen funds, and market activity included big token purchases by a16z and BitMine as well as SpaceX completing its 12th Starship test flight.
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