Fed Powell Sees “Stablecoins as Money”
Federal Reserve Chair Jerome Powell has said that payment stablecoins in the US are a form of money and that the central bank should play a robust role in their…
Powell believes Fed needs to have a ‘robust federal role’ in supervising stablecoin issuers
U.S. Federal Reserve Chair Jerome Powell said the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Powell made the statement in response…
Fed Chair Powell: Cryptocurrencies Here To Stay, Central Banks Should Regulate Stablecoins
Jerome Powell, Chair of the Federal Reserve, on Wednesday, acknowledged the enduring nature of cryptocurrencies as a category of assets. In a hearing with the House Financial Services Committee, he…
Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Service Committee’s semi-annual Fed policy hearing.
Fed Chair Jerome Powell Addresses Inflation, Affirms Stablecoins’ Status As Money
Federal Reserve Chair Jerome Powell has acknowledged stablecoins as a legitimate monetary instrument. Appearing before the U.S. House Financial Services Committee’s half-yearly monetary policy review on Wednesday, Powell discussed the…
Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
Fed should play role in regulating stablecoins, Chair Powell says
A stablecoins bill expected to advance next month could be about to hit a speed bump.
Tether (USDT) Launches on First Cosmos Ecosystem Network, KAVA Spikes by 11%
With the new release, USDT liquidity will be available to the community of Cosmos (ATOM), a pioneering cross-chain ecosystem. Its flagship network Kava (KAVA) recently underwent a major upgrade.
Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg
If USD Coin is targeted by regulators, the impact on Coinbase revenue could be significant, the report said
