According to Odaily, a new congressional committee focused on enhancing oversight of the Federal Reserve plans to conduct a comprehensive review of how the Fed makes interest rate decisions. This includes examining whether controlling inflation should take precedence over ensuring employment. U.S. Republican Representative Frank Lucas stated, "Many of my colleagues and the chair on the Financial Services Committee want to discuss this issue." The first hearing of the Special Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity is scheduled for next week. The committee will address questions regarding the dual mandate and its impact on prioritizing price stability.

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has decided to cease its investigation into DeFi company Uniswap Labs. Previously, in April of last year, the SEC had issued a warning to Uniswap Labs, indicating plans to pursue enforcement actions against the company.

According to Odaily, on February 25, local time, lawyers for U.S. President Donald Trump's administration denied intentions to dismantle the Consumer Financial Protection Bureau (CFPB) in a court filing. This statement contradicts Trump's earlier remarks this month. The Department of Justice attorneys rejected a request from the union representing CFPB workers, which sought a court order to prevent actions aimed at dismantling the agency. However, the administration acknowledged that a more 'streamlined' agency would require less office space, leading to the decision to cancel the lease for its headquarters. The Department of Justice lawyers emphasized that the premise of operating a leaner and more efficient agency is that the CFPB will continue to exist.

According to Odaily, the Aave community has overwhelmingly voted to halt lending services on the Polygon PoS chain. This decision stems from opposition to a proposal made by Polygon in December of last year, which involved using over $1 billion in cross-chain stablecoins for yield generation. Aave's founder, Marc Zeller, recommended strict risk parameters to prevent further deposits or loans, citing concerns over the high-risk nature of Polygon's yield generation method, which could lead to bad debt issues. Aave is the largest decentralized application on Polygon, with a total value locked (TVL) exceeding $300 million. Polygon Labs CEO Marc Boiron expressed a preference for Aave to reconsider its decision to terminate the collaboration. However, the Aave DAO has approved a proposal to adjust the stablecoin loan-to-value (LTV) ratio to 0%, effectively blocking users from borrowing. The vote saw over 690,000 in favor of leaving Polygon, with approximately 117,000 opposing the move.

According to Odaily, the CME's 'FedWatch' tool indicates a 95.5% probability that the Federal Reserve will maintain its current interest rates in March. There is a 4.5% chance of a 25 basis point rate cut. Looking ahead to May, the likelihood of keeping the rates unchanged stands at 73.9%, while the probability of a cumulative 25 basis point cut is 25.1%, and a 50 basis point cut is at 1%.

According to Odaily, Bitdeer Technologies and Cipher Mining have seen notable declines in their stock prices. Bitdeer's shares fell by 28%, reaching $9.38 per share. Meanwhile, Cipher Mining's stock decreased by 20%, settling at $3.96 per share. Bitdeer Technologies reported an annual revenue of $69 million, marking a 40% decrease from the previous year. In contrast, Cipher Mining's revenue increased to $151 million, although its adjusted annual loss widened to $106.6 million.

Odaily Planet Daily News CZ reposted his 2020 "Waiting for a new headline: Bitcoin "plunged" from $101,000 to $85,000" on the X platform and said, "Waiting for a new headline: Bitcoin "plunged" from $1,001,000 to $985,000." He also said, "I have always been optimistic, and it has been so for the past 12 years, and it is still so now."

On February 25, local time, lawyers for the Trump administration denied in a court document that the White House intends to disband the Consumer Financial Protection Bureau, which contradicts Trump's statement earlier this month. It is reported that on the evening of the 24th, lawyers from the Department of Justice rejected the request made by the union representing the workers of the Consumer Financial Protection Bureau, which sought a court order to stop actions aimed at destroying the agency. However, the government admitted that a more "streamlined" agency requires less office space, and the agency has decided to cancel the lease of its headquarters. Lawyers from the Department of Justice said that the premise of running a leaner and more efficient agency is that the Consumer Financial Protection Bureau will continue to exist. (CCTV)

The head of a new congressional committee aimed at strengthening congressional oversight of the Federal Reserve plans to conduct a broad review of how the Fed makes interest rate decisions, including whether it should prioritize controlling inflation over protecting jobs. "A lot of my colleagues on the Financial Services Committee and the chairman want to discuss this," said Republican U.S. Representative Frank Lucas. The first hearing of the Task Force on Monetary Policy, Treasury Market Resilience and Economic Prosperity will be held next week. They will ask questions about the dual mandate and how it affects the primary priority of price stability.

The US SEC has abandoned its investigation into DeFi company Uniswap Labs. Earlier, the US SEC issued a warning to Uniswap Labs in April last year, planning to take enforcement action against the company.

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