The U.S. SEC clarifies that broker-dealers holding stablecoins can count them as net capital at a 2% discount

Trump's crypto advisor: Stablecoins will drive global deposit inflows into the US banking system

Patrick Witt, Executive Director of the U.S. President's Digital Asset Advisory Committee, stated that stablecoins compliant with the GENIUS Act will bring deposit inflows to the U.S. banking system, rather than outflows as warned by the banking industry. He mentioned the huge global demand for the US dollar and the provision in the bill that prohibits stablecoin issuers from engaging in bank-like lending.

Trump advisor speaks out: Stablecoins may attract global capital flows into the U.S. banking system, and the impact of the "GENIUS Act" should not be underestimated

Trump's digital asset advisory team pointed out that stablecoins regulated under the GENIUS Act are expected to bring new capital inflows to the U.S. banking system, but the banking industry remains cautious about their potential deposit-raising schemes. Although the crypto industry believes regulation should focus on the use of funds, the yield mechanism of stablecoins remains a legislative point of contention. The White House is seeking to establish a new consensus on stablecoin policies.

Stablecoins are not insured by FDIC! The GENIUS Act clarifies the boundaries of bank deposits

FDIC Chairman Travis Hill in the summit stated that under the GENIUS Act, stablecoins are not protected by government deposit insurance and are classified as independent assets separate from bank deposits. Stablecoins rely on the reserves of the issuer rather than federal insurance. Additionally, tokenized deposits still enjoy FDIC protection as they are inherently considered bank liabilities. This policy has raised concerns within the banking industry that stablecoins might divert deposits.

SEC and CFTC sign memorandum to end the battle over cryptocurrency regulation dominance

The U.S. SEC and CFTC have signed a Memorandum of Understanding to establish a regulatory coordination mechanism in the fields of cryptocurrency and related areas, aiming to address issues of unclear traditional jurisdiction. The memorandum emphasizes a "minimum effective regulation" strategy, intended to reduce intervention in market participants, promote market innovation, and provide a clearer compliance framework to enhance the United States' financial competitiveness.

The European Central Bank releases the Appia roadmap to advance the tokenization market of central bank digital currencies

The European Central Bank announced the Appia roadmap on March 12, aiming to build a tokenized wholesale financial market anchored to central bank money. The plan will go live in 2026, with an open consultation launched and feedback welcomed to support the advancement of the digital euro project.

Why did Bitcoin rise today? CPI met expectations, and the Federal Reserve confirmed no change in policy

The US February Consumer Price Index met expectations, prompting Bitcoin prices to rebound to around $70,000. The CPI report reduced market uncertainty regarding the Federal Reserve's interest rate decisions, which is favorable for risk assets. Despite global market pressures, Bitcoin continues to benefit from short-term sentiment improvement, but rising energy prices could reignite inflation and impact liquidity. $72,000 is an important resistance level for Bitcoin; a breakthrough is needed for further upward movement.