#رئيس_الاحتياطي_الفيدرالي : The stablecoin industry has become more mature and widespread
The Chairman of the Federal Reserve #جيروم_باول stated that stablecoins have matured and become more widespread, and that the central bank is reevaluating the policy statements issued during the Biden administration.
Powell's comments came in response to a question from Senator Cynthia Lummis during his testimony before the Senate Banking Committee.
Lummis questioned what has changed regarding the risks of stablecoins since the Federal Reserve's 2023 policy under Section 9(13), pressing Powell on whether the Federal Reserve intends to withdraw the policy statement.
Section 9(13) grants the Federal Reserve the authority to regulate the activities of state-chartered member banks. In January 2023, the Federal Reserve issued an official policy statement under this authority, outlining how it handles "new activities," specifically those related to cryptocurrency, distributed ledger technology (#DLT ), and stablecoins.
Powell noted that regulators are reevaluating previous decisions made during the early stages of cryptocurrency development, emphasizing his support for banks dealing in cryptocurrencies under appropriate conditions.
