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Quick Take

• Merchants who supported digital yuan for real-world testing said they didn’t have to pay any transaction fees, unlike when they use third-party payment providers.
• The government has sent mixed signals about whether the central bank digital currency will compete with Alipay and WeChat Pay.

Heath Tarbert, the chairman of the Commodity Futures Trading Commission, said Thursday that he is stepping down as head of the agency.

The post Heath Tarbert steps down as CFTC chair, will stay on as commissioner appeared first on The Block.

SEC commissioner Allison Herren Lee has been named acting chairwoman of the U.S. securities regulator, according to a statement from the agency released Thursday.

The post Acting chair of SEC named as Gary Gensler awaits confirmation appeared first on The Block.