Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says

by Aurelia Butler 21 June 2023, 20:00 199 Views

Powell’s comments came in response to committee ranking member Maxine Waters (NYSE:WAT), 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.

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Source: Cryptocurrency - investing.com

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Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says

Inflation’s ‘greedy beast’ will be hard to tame, warns Bundesbank boss

Stocks making the biggest moves midday: Dollar Tree, Amazon, FedEx and more

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