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Warner Bros. Discovery (WBD) remains on the downgrade watch list.

Jinse Finance reported that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that the SEC is attempting to regain momentum in the field of crypto regulation to make up for previous "significant oversights." Speaking at a University of Texas event, he criticized the SEC under Gary Gensler's leadership for failing to actively adapt to innovative developments. Atkins pointed out that since the Donald Trump administration took office, the SEC's stance has shifted to be more industry-friendly, having established a crypto task force, withdrawn multiple enforcement cases, and launched "Project Crypto" to modernize regulatory rules. He emphasized that although the price of individual cryptocurrencies may fluctuate, he is more optimistic about the application potential of distributed ledger technology in payment clearing and settlement systems. This week, the SEC approved WisdomTree's digital currency market fund to enable 24/7 trading and instant settlement. Atkins also stated that tokenized bank deposit products will be launched in the future.

The association believes that further consolidation by such industry giants will severely weaken market competition and harm the interests of content creators.