He emphasized that such a framework should include consumer protections and ensure transparency and added that “stablecoins are a digital product that could actually have fairly wide appeal.”
Quote
Sources
Fed Chair Powell advocates for stablecoin regulation, signals openness to crypto innovation
Referenced by
FED Chair Jerome Powell stated that stablecoins are a form of money with the potential for broad appeal and that a legal framework which includes consumer protections and transparency along with robust federal oversight is needed as digital assets gain mainstream adoption
Crypto news
Claim
News event