People's Bank of China: Implement a moderately loose monetary policy effectively

- The SEC is advancing a "token taxonomy" to classify crypto assets under securities law, potentially reshaping digital asset regulation. - The framework, rooted in the Howey Test, categorizes tokens into four groups, with most not classified as securities. - Collaboration with Congress aims to resolve jurisdictional disputes via bills like the CLARITY Act, clarifying CFTC and SEC oversight roles. - Nasdaq's tokenized trading platform application aligns with efforts to position the U.S. as a global crypto