BREAKING: 🇺🇸 Fed Chair Powell Calls Stablecoins a “Positive Step” as U.S. Framework Progresses

Federal Reserve Chair Jerome Powell has called crypto stablecoins a "positive step" for the financial system, signaling growing regulatory support. Speaking on the ongoing efforts, Powell confirmed that the U.S. is “well underway” in developing a comprehensive framework for stablecoins.

He emphasized the need for clear rules, full reserves, and federal oversight to ensure stability and trust. Powell also highlighted the potential of stablecoins to enhance payment systems and financial inclusion.

This marks a significant shift in the Fed’s stance toward crypto innovation, with bipartisan support in Congress pushing regulation forward.

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