I certainly think that in a world of appropriate regulation, where the stablecoin activity gets the same regulation as comparable products in different places, then there certainly could be a place for stablecoins in our financial services sector.
Powell supports regulated stablecoins in the financial sector.
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More from Jerome Powell
We do not take into account the fortunes of any political party or politician.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
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