From Cointelegraph

April 16, 2025 3:31 pm:

US Federal Reserve Chair Jerome Powell supports stablecoin legislation, calling it a “good idea” as crypto gains mainstream adoption. Powell noted the need for a legal framework for stablecoins following previous high-profile failures in the industry. The value of stablecoins currently stands at $227 billion, with USDC and USDT dominating the market. Washington is moving towards pro-crypto policies under President Donald Trump, with a stablecoin bill expected to reach the president’s desk in the next two months.

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