An official from the US Federal Reserve Board (FED) said that the Fed meeting would set up a "panel of experts" to keep up with the development of the digital money market, and that the Fed meeting was uneasy about stable currencies that "will not be regulated".

Michael Barr, deputy secretary of regulation, acknowledged in a speech at the Peterson Institute for International Economics in Washington on March 9 that data encryption could cause "frontier harm" to the financial system. But he added, "the benefits of innovation can only be achieved if a moderate fence is timely."

According to Barr, a new login password team will help the Fed meeting "learn from new opportunities to ensure that innovation in this area is also up-to-date." He added:

Innovation has been coming quickly, but it takes a long time for consumers to realize that they may make money or lose money on new financial products.

At the same time, Barr pointed out that regulation must be a "careful consideration of the whole process" to ensure a balance between too much regulation and not enough regulation, and that too much regulation "will obliterate innovation". Inadequate regulation "will cause material damage to the family financial system".

One branch of Barr's focus on login passwords is the smooth login password, which is a matter of concern.

He said that there was a lack of liquidity in the property that applied to the smooth currency in the circulation of many commodities, which meant that it was difficult to cash it out when needed, and he made up lies:

"this imbalance between value and liquidity has led to the most typical bank run."

In his view, unless regulated by the Federal Reserve, all widespread adoption of a stable currency puts homes, businesses and the wider economy at risk.

Custodia BankCEO Catelyn Lang (Caitlin Long), the financial institution who has been refused to add the Fed's meeting software, pointed out that Barr's argument was ironic because she felt that the collapse of Bank Gate was mainly due to liquidity problems caused by a bank run.

Long also pointed to the difficulties of Silicon Valley Bank at this stage. The latest financial statements released on March 8th showed that the financial institution sold a stake worth $21 billion and lost $1.8 billion, causing anxiety that it was forced to sell to release its assets. Since then, the share price of Silicon Valley Bank has plummeted.