Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says By Cointelegraph
[ad_1]
The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s semi-annual hearing on Fed policy on June 21.
Powell’s comments came in response to committee ranking member Maxine Waters (NYSE:), who asked for his reaction to the proposed stablecoin bill, which originated with the Republicans and would be the first crypto legislation in the U.S. if passed.
Continue Reading on Coin Telegraph
[ad_2]
Source link
The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s semi-annual hearing on Fed policy on June 21.
Powell’s comments came in response to committee ranking member Maxine Waters (NYSE:), who asked for his reaction to the proposed stablecoin bill, which originated with the Republicans and would be the first crypto legislation in the U.S. if passed.
Continue Reading on Coin Telegraph
About The Author
