The former CFTC chairman will serve as a senior advisor at Jefferies; he previously held a digital asset-friendly stance.
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Federal Reserve Chairman Warsh plans to appoint two senior central bank economists as advisors.
According to Mars Finance, on June 26, Federal Reserve Chairman Warsh plans to appoint two senior central bank economists as advisors: Daniel Covitz and Eric Engstrom, both long-time Fed staffers, who will advise Warsh. (Wall Street Journal)
Warsh appoints Samantha Schwab, a senior aide to Bessant, as an advisor to the Federal Reserve.
Odaily Odaily reports that Federal Reserve Chairman Warsh is expanding his advisory team, with the latest appointment including Samantha Schwab, a senior aide to Treasury Secretary Bessenter, joining the Fed as an advisor. Schwab has served as Bessenter's deputy chief of staff at the Treasury Department since January 2025 and previously served in the White House during Trump's first presidential term. Schwab comes from a financial family and is the granddaughter of Charles Schwab, founder of Charles Schwab's firm. The specific date for her appointment has not yet been determined. This appointment has sparked discussions about a closer relationship between the Fed and the Treasury, especially given Warsh's weekly meetings with Bessenter, raising concerns about whether the central bank's independence will be affected.
Former senior economist at the Federal Reserve, Hu Jie, will be a guest speaker at Huobi's Elite Lecture Series: Analyzing the New Federal Reserve Chairman and New Changes in Global Markets.
According to Mars Finance, citing official social media reports, Hu Jie, former senior economist at the Federal Reserve and professor at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, will be a guest speaker at Huobi's Elite Lecture Series today at 8:00 PM (UTC+8). The lecture, titled "From Wall Street to Web3: How Will the New Fed Chair Reshape Global Financial Markets?", will provide an in-depth analysis of the policy paradigm shifts following the appointment of the new Fed chair, global liquidity trends, the evolution of the dollar system, and its impact on the Web3 market. As a renowned scholar with extensive experience in global macroeconomics and financial markets, Professor Hu will draw upon his experience at the Federal Reserve to analyze future trends in global capital markets from both policy-making and market operation perspectives. He will also explore the new opportunities and challenges facing the Web3 industry against the backdrop of the accelerated integration of digital assets and traditional finance.
Former CFTC Chairman Chris Giancarl recommends prison memoirs.
According to Foresight News , former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo published an article recommending Binance founder CZ's prison memoir, calling it "a story about humility, perseverance, and self-discipline," and expressing his strong recommendation. According to a previous report by Foresight News , Chris Giancarlo announced in April of this year that he would be leaving the legal profession to become a full-time corporate and cryptography consultant.
Former senior economist at the Federal Reserve, Hu Jie, believes the Fed's policy paradigm may be shifting again, and Bitcoin will face a liquidity test.
On June 25th, PANews reported that Hu Jie, former senior economist at the Federal Reserve and professor at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, was a guest speaker at Huobi's "Expert Lecture Series." During the live broadcast, Hu Jie stated that after the 2008 financial crisis, the Federal Reserve's monetary policy underwent a significant paradigm shift, becoming more reliant on balance sheet tools such as quantitative easing (QE) to inject liquidity into the market through large-scale expansion of the monetary base. This change not only fueled a bull market in US stocks that lasted for over a decade but also profoundly influenced the pricing logic of global risk assets, including Bitcoin. As Wall Street funds continue to flow into the crypto market, the correlation between Bitcoin and traditional financial markets is constantly strengthening, and its price movements are increasingly influenced by the global liquidity environment.
The CFTC chairman criticized Illinois' 0.2% cryptocurrency transaction tax, saying it hinders technological progress.
Odaily Odaily reports that Michael Selig, chairman of the U.S. CFTC, criticized Illinois for passing a 0.2% tax on crypto transactions, saying that the state's lawmakers have "put the brakes on technological progress" and disadvantaged the state's residents in future digital asset innovation. Illinois Governor JB Pritzker signed the Digital Asset Tax Act last month as part of the state's fiscal year 2027 budget plan. The act will impose a 0.2% tax on crypto transactions and is scheduled to take effect in January 2027. Selig stated that just as the internet transformed how information is transmitted, blockchain will transform how value is transferred. In the future, almost all assets, from commodities and currencies to stocks and bonds, could potentially be tokenized. He believes that Illinois' move deviates from Washington's direction of promoting digital asset innovation and could lead to a flow of capital, businesses, and technical talent to other jurisdictions. Previously, industry organizations such as the Crypto Council for Innovation, Digital Chamber, and the Illinois Blockchain Association had strongly opposed the tax, stating that it could become one of the harshest and most anti-crypto state-level tax systems in the United States. (The Block)