In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence of privately-issued stablecoins, to which Powell responded “No, not at all.” Letting stablecoins coexist and compete against a Fed digital dollar has big implications.
The post Jerome Powell softens regulatory stance against stablecoins, says can coexist with the Fed’s CBDC appeared first on CryptoSlate.
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