• Written by: Lipika Deka
  • Fri, 23 Jun 2023
  •   Estonia

FED Chairman Jerome Powell underscored the need for a robust federal role in creating a comprehensive regulatory framework for stablecoins. Testifying in front of the House Financial Services Committee, Powell said the FED views payment stablecoins as money and hence doubles down on regulating the sector. “We believe that it would be appropriate to have a quite […]

FED Views Stablecoins As Money But Is Against State’s Role As Watchdogs