Jerome Powell

FED President Jerome Powell spoke about stablecoins.
According to Politico, FED Chairman Powell told House Democrats that the US needs Congressional approval and a legal framework for stablecoins.
It was stated that Powell made the following statements in his closed meeting with Democrats in the House Financial Services Committee on Tuesday.
<blockquote>
 “The FED needs to get approval from the US Congress before taking action on stablecoins, that is, in order to produce a digital asset.
 If we are going to have a CBDC, Congress needs to authorize it.
 “We are not advocates, but we have not decided to propose CBDC to Congress.”
</blockquote>
The report also reported that Powell said he was pleased that negotiations on stablecoin legislation were “close.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/fed-president-powell-speaks-about-stablecoins-explained-what-is-required-for-a-digital-dollar/" rel="noopener noreferrer nofollow">FED President Powell Speaks About Stablecoins! Explained What is Required for a Digital Dollar!</a>

FED President Powell Speaks About Stablecoins! Explained What is Required for a Digital Dollar!

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