Fed Chair Powell Says Crypto Is Going Mainstream
U.S. Federal Reserve Chair Jerome Powell has stated that crypto is becoming more mainstream due to the changing regulatory climate.
He has noted that Congress (both the Senate and the House) is working on creating a legal framework for stablecoins.
“Depending on what’s in it, that’s a good idea. We need that. There isn’t one now,” he said.
He further stated that stablecoins could have a “fairly wide appeal.”
As reported by U.Today, Powell previously opined that Bitcoin could act as a digital version of gold.
During his most recent speech, Powell stated that there will be higher inflation and slower economic growth as a result of the…
