Jerome Powell Pushes for Swift Stablecoin Regulation in the U.S.

The Chairman of the Federal Reserve, Jerome Powell, has underscored the importance of regulating stablecoins, arguing for legislative action by the end of the year. The Lummis-Gillibrand Payment Stablecoin Act seeks to introduce comprehensive regulations for stablecoins pegged to the U.S. dollar, aiming to balance consumer protection with market innovation. This proposed legislation has sparked

Source: CoinOtag