Coin World Report:
US House Financial Services Committee Questions SEC’s Digital Asset Regulations
According to reports, members of the US House Financial Services Committee questioned the Securities and Exchange Commission (SEC) about its regulations on digital assets, demanding the agency to explain the relevant agenda and rules.
US President Biden Calls for Global Artificial Intelligence Development Rules
According to reports, US President Biden called for the establishment of globally unified rules for the development of artificial intelligence (AI) to address the increasingly powerful AI technology. He emphasized that the development of AI must be consistent with common human values to ensure its positive impact on society and ethics.
S&P Predicts US Economic Growth to Slow to 1.8% by 2025
A report by S&P Global Ratings stated that consumers may reduce their spending in the coming quarters, leading to a slowdown in US economic growth from 2.7% to 1.8% by 2025. The current interest rate cut policy by the Federal Reserve is actually a precautionary measure to prevent economic growth from falling too far below expectations, rather than solely aimed at stimulating economic growth.
Goldman Sachs: US Stock Market to Continue Rising After Presidential Election
David Kostin, Chief US Equity Strategist at Goldman Sachs, stated that the US stock market may continue to rise after the presidential election. He predicted that the S&P 500 index could rise 5% within a year, reaching a high of 6,000 points after a 20% increase.
IMF Chief: US Economy May Achieve Soft Landing
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated that the US economy is expected to achieve a soft landing due to its newly implemented monetary policy, which effectively reduces inflation without causing an economic recession. She also believes that amid a slowdown in other countries’ economies, the strong US economy will support global economic growth.
US Department of Justice Files Antitrust Lawsuit Against Visa, Accusing Unfair Market Competition
According to reports, the US Department of Justice filed an antitrust lawsuit against Visa, accusing the company of engaging in unfair market competition through the use of exclusive agreements. The lawsuit alleges that Visa controls 60% of the US debit card market, generating $7 billion in transaction fees, and that it has imposed punitive measures on merchants who choose to use alternative debit networks, which is suspected of monopolizing the market and impeding innovation in the debit payment ecosystem.
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