Stand with Crypto has spent $7 million on attack ads against Illinois Lieutenant Governor Juliana Stratton in the state's Democratic Senate primary, Stratton said. The spending has occurred despite her limited public comments on crypto. Stratton's main opponent, Democratic Congressman Raja Krishnamoorthi, backed stablecoin legislation in the Genius Act and supported advancing the Clarity Act.

The United States faces a policy dilemma as freezing Russian dollar-denominated assets could undermine confidence in the perceived neutrality of the USD while it promotes USD stablecoins globally, according to commentary citing @_dsencil, @graminitha1 and @2084Richardson. The analysis suggests aggressive use of the "instafreeze" capability may prompt international holders to reduce exposure to dollar-based instruments.

A federal judge blocked Justice Department subpoenas seeking to compel testimony from Federal Reserve Chair Jerome Powell, a court ruling shows. The legal challenge comes as the Fed's monetary policy decisions remain under scrutiny, with focus on the path of future interest rate cuts.

Macro investor Stanley Druckenmiller said global financial settlement systems could migrate to stablecoin technology within 15 years, citing superior transaction efficiency. His comments highlight a long-term vision in which stablecoins play a central role in cross-border and domestic payment processing.

The CFTC is recruiting leading technology and market professionals to develop tailored regulatory frameworks for crypto, artificial intelligence and prediction markets, a CFTC official said. The agency is focused on attracting specialized talent to support rulemaking for these emerging innovations.

Argentine securities regulator CNV has halted operations of the $ARGT peso-linked stablecoin after classifying the token as a security. The decision affects services offered by Twin Finance and Belo exchange. The $ARGT token, which offered a 32% APR before the regulatory action, is now subject to CNV's securities oversight.

The U.S. Senate voted 89–10 to add an amendment to a housing bill that would prevent the Federal Reserve from issuing a central bank digital currency or any alternative version until 2030. The measure, which must still be approved by the House of Representatives before becoming law, marks a shift in digital dollar policy by freezing any U.S. CBDC path through the end of the decade. Senator Ted Cruz had pushed for a permanent prohibition on a Federal Reserve digital dollar, but that broader ban did not pass in the Senate vote.

Argentina's National Securities Commission (CNV) on March 12 ordered the suspension of argt, a stablecoin pegged to the Argentine peso, after ruling the token qualifies as a security under capital markets law. The regulator said argt, issued by Twin Finance and listed on exchange Belo, constitutes an investment contract because it offered up to 32% APR for holding the asset, subjecting it to public offering rules for negotiable securities. The CNV stated that assets involving an investment of money in a joint venture with profit expectations primarily from third-party efforts can be classified as securities, and Twin Finance must halt all activities, including securities offerings, without CNV authorization. The decision sets a precedent in Argentina by linking reward-bearing stablecoins to securities classification, while similar debates are ongoing in the U.S., where banks argue such products could drive deposit outflows and disrupt their credit intermediation business models.