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.

Trump stated at the Florida conference that he will refuse to sign any other laws until the "SAVE America Act" is approved by Congress, which addresses issues such as voter identification. This stance could impact the progress of legislation related to the cryptocurrency industry. At the same time, Trump has prioritized crypto regulation but currently considers the voter identification bill as the top priority.

Gate News Announcement: On March 8, North America begins Daylight Saving Time today (March 8). The trading hours for financial markets in the US and Canada and the release times of economic data will be one hour earlier than during Standard Time. Specifically, gold, silver, and crude oil will open at 6:00 Beijing time, and US stocks will open at 21:30 Beijing time.

On March 5th, the World Gold Council announced that in February, global gold ETF net inflows reached $5.3 billion, marking the ninth consecutive month of capital inflows and setting a record for the best start ever. The total gold asset management scale reached $701 billion, with holdings amounting to 4,171 tons. North America and Asia are the main regions for capital inflows, while Europe experienced outflows due to a selling wave.

Nasdaq-listed Bitcoin mining company LM Funding America announced an unaudited report. In February, mining output reached 8.7 BTC, a new record high, but during the same period, 18.1 BTC were sold, reducing the total holdings to 354.7 BTC (approximately $23.8 million). The company also extended the maturity date of a $11 million loan from Galaxy Digital to April 24, 2026.

PANews February 28 News, according to a16z, Wyoming is rapidly emerging as a popular state for LLC registration in the US. Some entrepreneurs and funds are choosing to move out of traditional Delaware and establish entities in Wyoming. Supporters say Wyoming offers lower costs, stronger privacy and asset protection, as well as supportive regulatory infrastructure such as DAO legislation and no state income tax, attracting Web3 and tech startups to register in the state.

Block Inc. announces 40% layoffs and accelerates AI job replacements, with pre-market stock up 17%. Analysts actively adjust ratings and target prices, expecting an 18% increase in gross profit by 2026. Cash App performs well, with significant increases in monthly active users and loan disbursements. Overall gross profit rises by 24%, and the market remains optimistic about Block's stock, with room for upward target price adjustments.

Argentine cryptocurrency exchange Lemon reports that by 2025, Latin America's monthly active users will grow three times faster than in the United States, with digital asset reception exceeding $730 billion. Brazil leads the region, and Argentina has the highest proportion of active users per capita. High-inflation economies view crypto assets as a store of value, with stablecoins driving rapid regional development.