#PowellRemarks

Fed Chair Powell on Crypto & Stablecoins

At the Economic Club of Chicago (Apr 16, 2025), Jerome Powell expressed support for stablecoin regulation, urging Congress to create a balanced framework to foster innovation while managing risks. He also signaled openness to relaxing conservative crypto banking guidelines, allowing banks to serve lawful crypto clients responsibly, provided consumer protections and financial safety are maintained. This could impact platforms like Binance, potentially easing oversight and encouraging growth in the U.S. crypto market.