The Bit market has gone through a difficult period, losing nearly 500 Bit USD in a single day, corresponding to a 10% decline. Looking at previous trends, March is usually a month of Bit depreciation with a recorded loss of 50% since 2013. However, this time things may be different, as many major events are planned to take place in March. Here are the events that will occur.
March 6: CFTC Forum on Crypto Assets and Stablecoin
First, the Commodity Futures Trading Commission (CFTC) will host a forum focused on crypto assets and Stablecoin. According to CFTC, the pilot program will explore "non-cash digital assets", including Stablecoin and similar products.
Companies like Circle, Coinbase, Crypto.com, MoonPay, and Ripple will participate in these discussions. Details about the forum will be shared after everything is confirmed.
March 7: Cryptocurrency Summit at the White House with Trump
The next anticipated event is the Cryptocurrency Summit at the White House hosted by President Donald Trump. Recently, Trump has raised attention with his pro-Bit stance, including plans to establish a US Strategic Bit Reserve.
The summit will bring together major leaders in the Bit industry, policymakers, and financial experts to discuss the nation's role with digital assets.
March 10-14: Senate Banking Committee to Vote on Stablecoin Bill
Regulation is a hot topic in the Bit world, and from March 10 to 14, the Senate Banking Committee will vote on a Stablecoin bill. This bill focuses on creating clear rules for Stablecoin.
It emphasizes ensuring user safety, minimizing risks to the financial system, and preventing illicit activities. If passed, this bill could bring more clarity on the legal status of Stablecoin in the US.
March 21: SEC's First Cryptocurrency Roundtable
The Securities and Exchange Commission (SEC) will host its first cryptocurrency roundtable on March 21. The meeting is likely to focus on regulations for Bit, market stability, and how digital assets can integrate into the current financial system. This will be an opportunity for the SEC to learn more about the Bit market and its challenges.
With all the major events happening in March, the Bit industry is preparing for a turbulent month and significant developments that may shape its future.
