Fed’s Powell Signals ‘Meaningful Progress’ on US Stablecoin Bill
2025-07-01 17:29:28
Main Idea
Federal Reserve Chair Jerome Powell indicates significant progress on a U.S. stablecoin regulatory framework, which may adopt global standards like MiCA while ensuring local adaptability.
Key Points
1. Bipartisan momentum is driving the U.S. toward establishing a stablecoin regulatory framework.
2. Powell describes crypto stablecoins as a 'positive step' and confirms the framework is well underway.
3. The U.S. may adopt global standards like the EU's MiCA framework while maintaining local adaptability.
4. Stablecoins are seen as crucial for bridging crypto and conventional finance, with increasing corporate interest in their use.
5. The EU's MiCA framework supports cross-border stablecoin exchanges and regulatory harmonization, offering a parallel path for U.S. regulations.
Description
Bipartisan momentum is driving the U.S. toward a stablecoin regulatory framework. Powell’s support signals stablecoins may soon integrate with mainstream finance. U.S. rules may adopt global standards like MiCA while ensuring local adaptability. Federal Reserve Chair Jerome Powell has confirmed that the United States is making meaningful progress toward establishing a clear regulatory framework for stablecoins. In recent remarks, he highlighted that after a series of earlier delays, bipartisan e...
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