Federal Reserve Chair Jerome Powell, speaking at The Economic Club of Chicago on April 16, 2025, emphasized the need for a stablecoin regulatory framework and indicated no intent to restrict banks' involvement with the crypto industry

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Apr 16, 2025 - 12:00am

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Speaking at The Economic Club of Chicago on April 16, Powell said both chambers of Congress are revisiting efforts to legislate a stablecoin framework, which he described as necessary given the growing relevance of these digital instruments.

Powell also addressed the Federal Reserve’s stance on crypto-related banking activity. He acknowledged that US bank regulators, including the Fed, had taken a conservative approach in issuing guidance on how banks should manage exposure to digital assets. However, he stated that some of this guidance may be relaxed to accommodate responsible innovation, provided consumer protections and financial safety remain intact

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Week 16 of 2025