Odaily Planet Daily reports that U.S. Senator Bernie Moreno stated that the CLARITY Act, a bill structuring the crypto market, is expected to pass Congress before April. In an interview with CNBC, Moreno said that the bill's progress has now found a clear path. Coinbase CEO Brian Armstrong, in the same interview, stated that while there were previous disagreements regarding stablecoin interest terms and regulatory jurisdiction, all parties are now seeking a "win-win" solution. The report notes that stablecoin yield terms are one of the main points of contention in the bill's progress. Moreno also stated that he does not believe the midterm election results will affect the bill's passage. Previously, White House officials also expressed positive expectations for the bill's progress earlier this year. (Cointelegraph)

According to Odaily Planet Daily, crypto journalist Eleanor Terrett wrote on the X platform that the third stablecoin yield conference is scheduled to be held at the White House tomorrow morning at 9:00 AM Eastern Time. A small group of representatives from the cryptocurrency industry and the banking sector are expected to attend.

Three researchers from the Federal Reserve System published a paper on February 12th, arguing that data from the prediction market platform Kalshi can reflect macroeconomic expectations more in real time and should be included in the Fed's decision-making framework. The authors include Fed Chief Economist Anthony Diercks, research assistant Jared Dean Katz, and Johns Hopkins University researcher Jonathan Wright. The study compared Kalshi data with traditional surveys and market-implied expectations, concluding that Kalshi provides high-frequency, continuously updated probability distributions for measuring the risk-neutral probability of macroeconomic indicators such as interest rate decisions. The researchers noted that Kalshi reacts more quickly after major policy statements or economic data releases. However, the report emphasizes that the Fed's research paper is for internal discussion and does not represent a formal policy stance. (Cointelegraph)

Odaily Planet Daily reports that Hong Kong Legislative Council member Ng Kit-chung stated on the "Financial Chat" program that Hong Kong is expected to issue its first batch of stablecoin issuer licenses in March. He suggested that after the relevant institutions obtain licenses, the government could issue stablecoin-based consumption vouchers to eligible citizens for use by local SMEs, thereby promoting the application of stablecoins in Hong Kong. Ng pointed out that this move could draw on the experience of promoting electronic payments through electronic consumption vouchers, stimulating the local economy through stablecoin usage scenarios and enhancing Hong Kong's development positioning in the Web3 and digital asset fields. He stated that the relevant administrative costs could be borne by the licensed institutions. (Techub News)

Huoxun Finance reported on February 19th that after a DeFi lending protocol, Moonwell, suffered approximately $1.78 million in bad debt due to an oracle configuration error, it released an update on the X platform regarding its incident handling. The update stated that its recovery plan has been published on the governance forum, which includes integrating the MoonwellApollo (MFAM) community into the Moonwell ecosystem (WELL). The MoonwellApolloTreasury will immediately initiate partial compensation, with continued compensation through protocol revenue. Furthermore, MFAM holders and stkWELL stakers are proposed to receive compensation at a 1:1.5 ratio (MFAM:stkWELL).