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

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

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

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