The head of the U.S. Federal Reserve, Jerome Powell, expressed support on June 25, 2025, for cryptocurrency bills being considered by Congress. According to him, creating a regulatory framework for stablecoins is critically important for ensuring the stability and safety of digital assets. Powell emphasized that dollar-pegged stablecoins could become a significant element of the payment system but require clear regulation similar to that of bank deposits.
This statement coincides with the Senate vote on the GENIUS Act, which establishes federal standards for stablecoin issuance. The bill is supported by key market players such as Coinbase and Circle, which may help increase investor confidence. Analysts predict that regulation will aid the development of the stablecoin market, which could reach $2 trillion by 2028.
Powell also noted that clear rules will help the U.S. maintain its leadership in the global financial system and support the dollar's status as the reserve currency. Regulating stablecoins will be a step towards integrating cryptocurrencies into the mainstream, reducing risks for users.
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