March 20th, U.S. Republican Senator Cynthia Lummis stated on social media that digital assets are the future and called for regulatory support for their development. She also met with CFTC Chairman Mike Selig to discuss digital asset market structure, emphasizing cooperation in addressing the current urgent situation.

Gate News, on March 19, fintech company SBS announced the appointment of Adam Shpiro as Chief Marketing Officer (CMO), responsible for leading the company's global brand expansion strategy. Adam Shpiro previously served at JPMorgan. It is reported that SBS is currently providing services to banks and financial institutions in Europe, Africa, and North America

Market analyst Jared Blikre points out that Bank of America's global fund manager survey shows that large institutional investors have increased their positions in emerging market equities and commodities, while reducing their US dollar holdings. Powell's remarks have a significant impact on market trends. If the US Dollar Index breaks through 100, it will increase investment pressure; conversely, it would be conducive to emerging market development.

Trump clarified on Truth Social that the official name of his new bill is the "Saving America Act," opposing the term "Saving Act." The bill aims to pave the way for midterm elections, with a Senate vote expected this week. Trump stated that he will not sign other legislation before this bill passes.

TransFi Completes $19.2 Million Funding Round to Accelerate Global Expansion of Stablecoin Cross-Border Payment Platform, with Focus on Southeast Asia, Middle East, and Latin America Markets. This round of financing is led by Turing Financial Group, supporting platform infrastructure and regulatory licensing. Stablecoin payments are gradually becoming a reality, with payment volume expected to exceed $350 billion in 2025, and related companies are accelerating their layout.

FTX founder SBF requested a Trump pardon without success and faces 25 years in prison for misappropriating customer funds. Bipartisan lawmakers widely opposed his pardon, while SBF previously defended himself through social media. Trump has made clear he will not consider a pardon, demonstrating America's zero-tolerance stance on cryptocurrency financial crimes.

Gate News, on March 17, PayPal announced that it will expand the wallet holding scope of its stablecoin PYUSD to 68 additional countries and regions, bringing the total number of eligible markets to 70, a significant expansion from the previous limitation to only the United States and United Kingdom. The newly added markets include Uganda, Colombia, Peru, and others, covering more regions across South America, Africa, and Asia.

Gate News reported that on March 13, Bank of America stated that the Federal Reserve will have to address the supply shock from soaring oil prices. In the Summary of Economic Projections (SEP) released ahead of the March Federal Reserve meeting, overall and core inflation forecasts are likely to be revised upward. The Bank of America report points out that if long-term growth expectations are also revised upward, the median dot plot for long-term interest rates could move slightly higher. In this case, Federal Reserve Chairman Powell may acknowledge stagflation risks while emphasizing a wait-and-see approach.

U.S. Senate Majority Leader John Thune stated that digital asset market structure legislation is not expected to advance before April, as the Senate will prioritize the Save America Act. This timeline differs from the expectations of the Ohio senator. While the Agriculture Committee has advanced the bill, the Banking Committee's proceedings have been delayed, and the White House has not reached any agreement.

Gate News reported that on March 12, U.S. Senate Majority Leader John Thune stated that the Senate plans to advance cryptocurrency market structure legislation and licensing-related legislation after completing debate on the (voter identification provisions) of the Save America Act. John Thune said that senators are pushing forward this long-awaited cryptocurrency market structure legislation and indicated that if there is bipartisan willingness to cooperate, the Senate can make progress on multiple issues of shared concern between the two parties. The Save America Act is expected to undergo partisan debate in the Senate next week.