Jerome Powell, the Chairman of the Federal Reserve (FED), acknowledged that stablecoins are a form of currency and emphasized the need for strict regulation and oversight by banks. Speaking at a biannual session on monetary policy, Powell expressed his concerns about the upcoming legislation to be voted on in July, highlighting the importance of a strong federal authority in regulating the sector to avoid negative consequences for the economy. The post Powell’s Revelation: Stablecoins Reign as the Future of Currency! appeared first on COINOTAG EN .
