The US financial markets have recently seen several important developments. At the opening on Wednesday, the major stock indices showed a downward trend, with the Nasdaq index experiencing the most significant fall of 0.83%. Meanwhile, the gold market performed relatively strongly, with a rise of 0.85%.

Investors are closely watching the speech by Federal Reserve Chairman Powell at the upcoming Jackson Hole annual meeting. Powell will deliver an important speech on the evaluation of the Federal Reserve's policy framework, which could have a significant impact on market direction.

At the same time, U.S. Treasury Secretary Basant revealed that he will begin meeting with 11 strong candidates in early September to look for a potential successor to Powell. This news has sparked much speculation in the market about the future direction of Federal Reserve policy.

In terms of cryptocurrency regulation, the U.S. Treasury is soliciting public opinions to develop more effective strategies to curb illegal financial activities. This is another important initiative following the recent passage of the "Guidance and Establishment of the United States Stablecoin National Innovation Act" (GENIUS). Besant emphasized that the implementation of this act is crucial for consolidating the United States' leading position in the digital asset space and may lead to an expansion of the use of the dollar and an increase in demand for U.S. Treasury securities.

Paul Atkins, the head of the U.S. Securities and Exchange Commission (SEC), stated at a blockchain seminar that only a very small number of tokens can be classified as securities, which mainly depends on their specific schemes and sales methods. He emphasized that the SEC supports innovation and called for the establishment of a regulatory framework for the cryptocurrency market that can adapt to future developments.

These measures reflect that U.S. regulators are actively responding to the challenges and opportunities brought by digital finance, while also demonstrating their efforts to balance innovation and risk management. As these policies are gradually implemented, the future direction of the U.S. financial market deserves ongoing attention.