FED Chair Powell, during his policy report to Congress, expressed support for new regulatory frameworks for stablecoins

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FED Chair Powell, during his policy report to Congress, expressed support for new regulatory frameworks for stablecoins

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12:00am, Tuesday, February 11, 2025

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Powell said the Fed supports new regulatory efforts around stablecoins — the tokens designed to maintain a steady value by being pegged to assets such as the U.S. dollar.
"Stablecoins may have a big future with consumers and businesses," Powell said. "We can't know that now, but it is important for the development of stablecoins — in a safe and sound manner that protects consumers and savers and all — that there be a regulatory framework.

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