In the latest developments in the global financial markets, the policy direction of the Federal Reserve has garnered widespread attention. Following Powell's remarks, market expectations for a rate cut in September have significantly risen. At the same time, political factors are starting to influence the personnel arrangements of the Federal Reserve, sparking discussions about the independence of the Fed.

In the field of digital currency, U.S. legislative bodies are considering restrictions on Central Bank Digital Currency (CBDC), reflecting the ongoing controversy over digital currency regulation. Meanwhile, the Securities and Exchange Commission (SEC) is actively gathering opinions from various parties on cryptocurrencies, indicating that regulatory agencies are striving to balance innovation and risk control.

Internationally, the Philippine government is considering incorporating Bitcoin into its national reserves, marking a shift where some countries are beginning to take the potential strategic value of cryptocurrencies seriously. Meanwhile, the South Korean banking sector is exploring the possibility of collaborating with major stablecoin issuers, reflecting a changing attitude of traditional financial institutions towards digital assets.

In the banking sector, JPMorgan Chase reached a settlement with the Malaysian government regarding the 1MDB case, an event that once again highlights the compliance challenges faced by international financial institutions in cross-border operations.

These developments indicate that the global financial system is undergoing a complex transformation period, where traditional financial policies, digital currency innovations, and cross-border financial cooperation are interweaving to shape the future financial landscape.