News

According to a report by Jinse Finance, the US SEC Crypto Working Group held a roundtable today on "DeFi and the American Spirit," as disclosed by the DeFi Education Fund. At the start of the roundtable, US SEC Chairman Atkins discussed how decentralized finance (DeFi) aligns with American values: "The American values of economic freedom, private property rights, and innovation are the core genes of the decentralized finance (DeFi) movement." Additionally, Chairman Atkins emphasized that developers of neutral tools should not be held accountable for the actions of third parties: "Engineers should not be bound by federal securities laws merely for releasing such software code. As a court has stated, it is irrational to hold developers of self-driving cars responsible for third parties using the cars to violate laws or rob banks—quoting the court's decision, in such cases, people do not sue car companies to accuse them of facilitating illegal activities, but rather sue the individuals who commit the illegal acts."

According to a report by Jinse Finance, data from the U.S. Treasury Department shows that during the latest bi-weekly reporting period, foreign investors purchased $6.502 billion worth of 7-year U.S. Treasury bonds, up from $4.670 billion last month; investment funds purchased $33.491 billion of 7-year U.S. Treasury bonds, up from $31.438 billion last month. Foreign investors purchased $7.334 billion of 5-year U.S. Treasury bonds, down from $7.804 billion last month; investment funds purchased $54.515 billion of 5-year U.S. Treasury bonds, up from $50.110 billion last month. Foreign investors purchased $5.938 billion of 2-year U.S. Treasury bonds, down from $6.618 billion last month; investment funds purchased $53.564 billion of 2-year U.S. Treasury bonds, up from $50.964 billion last month.