Powell stated that improvements in stablecoin regulations are underway, indicating a pivotal shift in U.S. Digital currency governance. A bipartisan bill being drafted by U.S. Congress aims to clarify regulation for stablecoins, which may attract more global investors.
The anticipated regulatory adjustments could significantly influence market dynamics, increasing trust and potentially leading to substantial capital inflow into compliant stablecoins like USDT and USDC. This progress symbolizes a proactive approach toward cryptocurrency governance.
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