Overview of Key Overnight Developments on August 21
21:00 (UTC+8) - 7:00 Keywords: Cook, Stablecoin, Lummis 1. The Federal Reserve meeting minutes mentioned stablecoins eight times; 2. The U.S. Department of Justice is placing great importance on the criminal investigation involving Federal Reserve Governor Cook; 3. The Wall Street Journal: Trump is considering dismissing Federal Reserve Governor Cook on pretext; 4. U.S. Senator Lummis is pushing to complete the crypto market structure bill by the end of the year; 5. Federal Reserve Governor Waller calls for embracing payment innovation driven by AI and stablecoins; 6. Federal Reserve meeting minutes: Most members believe inflation risks outweigh employment risks; 7. Federal Reserve meeting minutes: Stablecoins could have broad impacts and warrant close attention; 8. Federal Reserve's Bostic: The scale of cryptocurrencies is too small to affect financial stability.
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