The Securities and Exchange Commission (SEC) has proposed a major overhaul of U.S. transfer agent regulations that has not changed significantly in nearly four decades. ^[1] Bitcoin gained nearly 25% in August, closing the month back above its 50-month moving average for the first time since the crypto winter began last year. ^[2] The proposal shifts attention toward execution by raising the expansion-limitation threshold for transfer agents from 75% to 95% for completing routine items within three business days. ^[3] Transfer agents will now be required to develop written policies and procedures related to the timely registration, cancellation, and processing of all transactions under all operating systems, including blockchain-based transfers. ^[4] Fed Chair Kevin Warsh used his first Jackson Hole address as chairman to warn that inflation numbers are more concerning than the labor market, reviving talk of a rate hike at the Fed's September 15-16 meeting. ^[5] Traders on Myriad Markets are pricing a 77% chance that Bitcoin hits $84,000 before it dumps to $55,000. ^[6] Treasury Secretary Scott Bessent doubled the size of long-end bond buybacks on August 19, a liquidity move that hammered Treasury yields and touched off a short squeeze in crypto. ^[7]