ChainCatcher News reports that according to Jinshi, Federated Investors Chief Equity Strategist Phil Orlando stated that the January inflation report was better than expected, especially at the nominal level, which is good news for the Federal Reserve. He believes that as leadership transitions from Powell to Waller, the Fed will cut interest rates three times within a year. Despite strong labor market data causing market declines, inflation performed better than expected, and the downward trend in inflation is expected to continue.

A reform that could reshape the U.S. payment system is being strongly promoted by the fintech industry. Led by the U.S. Fintech Association, several industry groups recently submitted a letter to the Federal Reserve, urging it to accelerate the development of a "payment account" prototype plan to provide eligible non-bank financial institutions with direct access to the payment system. Phil Goldfeder, CEO of the U.S. Fintech Association, stated that a carefully designed payment account can both expand competition and promote innovation without increasing systemic risk. This mechanism is seen as an upgrade to the long-standing model of "access through initiating banks to the core clearing network," and is expected to reduce costs, lower counterparty risk, and improve funds settlement efficiency.

BlockBeats News, January 13 — Bitwise Chief Investment Officer Matt Hougan stated, "The CLARITY Act is like Punxsutawney Phil during this crypto winter. If it only pokes its head out but fails to pass Congress, then the 'winter' may continue; but if it passes smoothly and is signed into law, the crypto market is likely to hit a new all-time high."

New York State Assemblyman Phil Steck's proposed crypto assets transaction tax does not take into account the daily payment use of stablecoins. He believes that crypto assets should not be tax-exempt and expects that the tax could bring in $158 million in revenue for the state government each year.