US Federal Reserve Chairman Jerome Powell I mentioned This encryption has become more prevalent due to the changing organizational climate.
He indicated that Congress (both the Senate and the House of Representatives) is working to create a legal framework for Stablecoins.
“Based on what is in it, this is a good idea. We need it. There is no one now,” he said.
He also stated that Stablecoins can have a “somewhat wide call.”
According to U.Today, Powell previously photographed that Bitcoin could serve as a digital version of gold.
Powell has been at the top of the most powerful central bank in the world since 2018.
Earlier this week, the New York Post reported that many candidates to replace Powell will be interviewed in the fall.
