#PowellRemarks Fed Chair Powell's Remarks on Crypto

The crypto ecosystem remains highly volatile and lacks adequate regulatory safeguards, posing risks to investors and the broader financial system. While innovation in digital assets can offer benefits, the U.S. requires clear regulatory frameworks—particularly for stablecoins and tokenized securities—to ensure stability and consumer protection. The Fed is monitoring developments closely but sees no immediate need for a central bank digital currency (CBDC) without congressional approval.