CFTC Chairman Michael Selig at the FIA conference supported blockchain-based prediction markets, calling them "truth machines" that can improve transparency and accountability. He believes these markets are more reliable than traditional polls and will provide clearer event contract rules.

Senator Alsobrooks stated at the Washington American Bankers Association Summit that in order to advance the Stablecoin Regulation Act, the "Clear Act," all parties need to compromise, emphasizing that the overall goal is more important than perfection. She is working with Senator Tillis to seek a balanced solution that protects deposits and promotes innovation.

CFTC Chairman Michael Selig stated that blockchain-based prediction markets can enhance price discovery and information transparency, becoming a powerful "truth machine." Using the 2024 U.S. presidential election as an example, he emphasized that market pricing accurately reflects election outcomes. The CFTC will introduce new regulations to guide compliant trading of event contracts.

Former CFTC Chairman Giancarlo stated that a clear regulatory framework for cryptocurrencies is crucial for the U.S. banking system. The lack of regulation could cause the U.S. to fall behind Asia and Europe in financial innovation. He pointed out that banks find it difficult to make large-scale investments in blockchain technology in an uncertain legal environment and warned that the U.S. might be forced to follow global digital financial trends. Even if the Crypto Market Structure Act does not pass, regulatory agencies may still implement temporary policies, but these cannot replace a stable legislative framework.

Gate News Update, March 09: According to CoinMarketCap data, as of press time, DEGO (Dego Finance) is trading at $0.63, up 57.73% in the past 24 hours, with a high of $0.67 and a low of $0.25. The 24-hour trading volume reached $89 million. The current market capitalization is approximately $13.3 million, an increase of $4.88 million from yesterday. ## Important recent news about DEGO: The 57.73% surge in DEGO's price, combined with the sharply increased trading volume of $89 million, indicates a clear market-driven capital influx. The significant price fluctuations between $0.25 and $0.67 reflect the market participants' sentiment.

Continue Capital was liquidated on Hyperliquid with two positions, totaling 10,000 SNDK and 22,300 MU, causing their prices to drop by 5.8% and 2.6% respectively. Currently, MU and SNDK are both trading at a discount, and Clear Capital still holds a long position of 17,000 MU.

Gate News reports that on March 6, U.S. SEC Chairman Paul Atkins posted on X platform stating that President Trump’s view that the United States needs clear regulatory rules for the digital asset market is correct. He pointed out that the CLARITY Act helps ensure entrepreneurs can develop next-generation financial technologies within the United States. Paul Atkins expressed his look forward to working with CFTC Chairman Mike Selig to promote the implementation of the CLARITY Act in the near future.

The Federal Reserve recently issued guidance, treating tokenized securities the same as traditional securities, removing regulatory barriers, and supporting financial institutions in exploring blockchain asset management. This policy provides a clear direction for tokenized finance and may lead to a large transfer of assets to blockchain, achieving efficient settlement and increased liquidity.

As of March 6th, the PI price is $0.20, up 10.40% in 24 hours, with a market capitalization of $1.93 billion. Pi Network mines through mobile phones and emphasizes technological innovation to boost user confidence and facilitate a price rebound. Market sentiment has turned positive, with clear signs of a rebound, but investors should still be cautious of risks.

PANews reports that on March 5th, Jinshi Data states that on Tuesday, Eastern Time, Bridgewater Associates founder Ray Dalio once again expressed optimism about gold, stating that there is a clear winner in the competition between gold and Bitcoin — gold. He emphasized the irreplaceable status of gold and recommended that individuals allocate 5%-15% of their investment portfolios to gold to diversify risk.