The Bank Policy Research Institute is considering suing the Office of the Comptroller of the Currency for relaxing federal licensing rules, making it easier for crypto companies to obtain nationwide banking trust licenses. The policy has raised concerns about consumer protection and the stability of the financial system, with multiple regulatory agencies and small banks voicing strong opposition.

The Islamic Development Bank Institute was granted U.S. Patent No. 12,548,031 B2 on March 9, for a new blockchain consensus mechanism called "Proof of Use" (PoU). This mechanism is based on the principle of reciprocity, verifying one's own transactions by validating others' transactions, aiming to reduce energy consumption and address wealth concentration issues.

According to data from the Federal Reserve Bank of St. Louis, by the end of 2025, job vacancies in the U.S. finance and insurance industry will drop to 134,000, a 13-year low, down 75% from 2022. Analysts warn that more layoffs may occur, while the U.S. Bureau of Labor Statistics reports that employment unexpectedly decreased in February, but financial activities defied the trend by adding 10,000 net jobs, which could influence the Federal Reserve's interest rate cut policy.

Gate News Report, March 9th, traders have increased their expectations of the European Central Bank's rate hike, now fully expecting the ECB to raise interest rates twice by 2026.

On March 8th, U.S. Congressman Michael Cloud, along with 28 other members of Congress, sent a letter to the Capitol demanding a permanent ban on the issuance of Central Bank Digital Currencies (CBDCs). They believe the current temporary ban is insufficient, warning that CBDCs could threaten financial surveillance and citizens' freedoms, and calling for the reinstatement of stricter ban provisions.

People's Bank of China Governor Pan Gongsheng stated at the National People's Congress that over the past year, China's financial risks have been effectively controlled, and the financial market has operated stably. In the future, efforts will continue to crack down on illegal financial activities, maintain financial stability, assess the impact of external shocks, and implement policy measures to manage risks.

The Wall Street Journal reporter Timiraos analyzed that recent employment reports have intensified the Federal Reserve's dilemma between combating inflation and protecting jobs. Minneapolis Fed President Kashkari warned against repeating the mistakes of 2021, predicting that the Fed will not rush to adjust interest rates in the short term. If the unemployment rate rises, rate cuts may resume around mid-year, but if inflation risks increase, internal opposition voices will grow. Overall, the central bank faces a difficult choice.

Circle CEO Jeremy Allaire revealed that Circle has completed internal entity transfers using USDC through the Circle Mint platform, transferring over $68 million in the first month, with significantly higher efficiency than traditional bank wire transfers. The platform will launch a fund management update in March to optimize account transfers and integrate with accounting system APIs.

People's Bank of China Governor Pan Gongsheng stated at the National People's Congress that over the past year, financial risks have been orderly resolved, and the financial system has operated stably. In the future, efforts will continue to combat illegal financial activities, prevent financial risks, and closely monitor the impact of external shocks.

Gate News Report, on March 7th, the People's Bank of China announced the latest data showing that as of the end of February, gold reserves stood at 74.22 million ounces (approximately 2,308.5 tons), an increase of 30,000 ounces (about 0.93 tons) month-over-month. At the end of January, gold reserves were 74.19 million ounces (approximately 2,307.567 tons). This marks the 16th consecutive month that China’s central bank has increased its gold holdings.