August @DallasFed Services Index fell to 4.2 vs. 7.2 est. & 6.6 prior; company outlook down to 3.0 vs. 10.4 prior; revenue down to 6.6 vs. 9.5 prior; employment down to 0.8 vs. 2.6 prior

August @DallasFed Manufacturing Index accelerated to +11.6 vs. +1.0 est. & +1.3 prior … new orders +22.0 vs. +6.4 prior; production +16.1 vs. +10.1 prior; shipments +14.1 vs. +8.8 prior; wages +21.1 vs. +30.8 prior; employment +8.0 vs. +12.2 prior

No August doldrums in DC this week! It was great to join the inaugural @CFTC Innovation Advisory Committee (a group I've called "the Olympic roster of crypto.") But for a “crypto” gathering, there were a LOT of TradFi players in the room like @NASDAQ, @CMEGroup, @CBOE, @OptionsClearing, @NYSE, @The_DTCC (alphabet soup!) Everyone was in agreement. Rules written for a different era aren’t good enough. Not for consumers. Not for business. Not for innovation. I made this case in an open letter to Congress back in 2019. Seven years later, we STILL need clear rules…. Thanks to the Trump administration, appointees like @ChairmanSelig, and a myriad of bold leaders in Congress, we’ve never been closer.