Tech stocks drive US stock market up, investors downplay risks of Iran conflict

According to Eleanor Terrett, the White House denies allegations that President Trump has refused to nominate Democratic commissioners for the SEC and CFTC. （Cointelegraph）

CFTC Chairman Michael Selig has warned that if Congress does not pass the CLARITY Act, regulatory agencies will have to establish all rules for digital assets. （CoinDesk）

Anthropic has hired former Federal Reserve Chairman Bernanke as a member of the Long Term Benefit Trust, responsible for overseeing the company's public mission and AI social impact, and has the power to appoint or dismiss board members.

The US stock market rose as investors bought technology stocks and downplayed the risk of the Iran conflict. Goldman Sachs' trading department reported that clients have no fundamental concerns about the prospects of artificial intelligence trading or capital expenditures, and market adjustments are technical in nature. BlackRock economist Helen Jewell stated that investment commitments in the field of artificial intelligence will support this investment theme for at least two to three years.

According to The Block, JPMorgan analysts pointed out that Strategy's recent sell-off of Bitcoin and its BTC monetization plan has brought temporary selling pressure, but the greater risk lies in the shift of blockchain applications towards bank self built or regulatory friendly permissioned chains and unified ledgers. If tokenized deposits, SWIFT blockchain projects, and central bank digital currencies are implemented within traditional financial infrastructure, the activity, liquidity, and fund flow of public chains and tokens will be weakened, and the demand for stablecoins will be partially replaced by bank tokenized deposits, suppressing the performance of Bitcoin.