The probability that the Federal Reserve will keep interest rates unchanged in March is 92.2%

Plume’s legal counsel testified before Congress, urging the SEC to accelerate rulemaking for tokenization and move DeFi protocol ATS registrations forward

Plume legal advisor B. Salman Banaei testified before Congress, urging the SEC to expedite the development of tokenization rules and criticizing the reliance on an "innovation exemption" mechanism. He emphasized the need for public consultation to promote permanent solutions that would attract large institutions to participate in the tokenization of real-world assets, reminding SEC leadership of the urgency to act.

Citigroup slashes Bitcoin and Ethereum 12-month price targets, stating that stalled U.S. crypto legislation weakens upward catalysts.

Citigroup lowers its 12-month target prices for Bitcoin and Ethereum, indicating that its medium-term outlook for the crypto market has turned cautious, mainly because progress on U.S. crypto-asset legislation has been slow. Its Bitcoin target is reduced from $143,000 to $112,000, and its Ethereum target is lowered to $3,175. Although there is still room for upside in the future, the lack of new policy catalysts means prices could trade within a range in the short term. Citigroup is even more cautious in its assessment of Ethereum, saying it is more heavily influenced by on-chain activity.

The U.S. Treasury Secretary angrily criticized the FT for "fabricating content" and denied ever supporting a model based on the Bank of England.

U.S. Treasury Secretary Scott Bessent criticized the Financial Times report about his support for a accountability mechanism similar to that of the Bank of England, calling it "a complete fabrication." He emphasized that he had not proposed any related plans and expressed disdain for the Bank of England's communication mechanism. This incident reflects the sensitivity of the U.S. regarding the independence of its monetary policy, and it could impact the cryptocurrency market.

David Sacks Steps Down to Become Co-Chair of PCAST: Is the U.S. Crypto and AI Policy Direction Changing?

David Sacks has concluded his 130-day tenure as the White House's cryptocurrency and artificial intelligence affairs chief and will transition to co-chair of the President's Council of Advisors on Science and Technology, continuing to influence U.S. technology policy. He will focus on advancing a unified regulatory framework for artificial intelligence and engage in policy research across several key areas. This change may affect the future coordination of cryptocurrency and AI regulation.

David Sacks steps down as the Crypto Czar, impacting policy direction, and the fate of the "CLARITY Act" remains uncertain.

The regulatory landscape for cryptocurrency in the U.S. is changing, as David Sacks concludes his term in the Trump administration and transitions to co-chair of the Technology Advisory Council, leading to concerns about the continuity of digital asset policy. The outlook for the CLARITY Act has become uncertain, with the market focusing on future legislative developments and the emergence of new policy leaders.

Bank of Japan: Estimates the natural interest rate to be between -0.9% and +0.5%, requiring a comprehensive assessment of the degree of monetary easing.

Gate News reports that on March 27, the Bank of Japan stated that, according to the latest data, Japan's estimated natural interest rate (the neutral rate that neither stimulates nor suppresses the economy) is between -0.9% and +0.5%. The Bank of Japan pointed out that, given the uncertainty in estimating the natural rate, it is necessary to comprehensively evaluate the degree of monetary easing, while carefully examining the trends in economic activity, prices, and financial developments.