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Jerome Powell Supports Fed's New Stablecoin Policies—But Chair Kevin Warsh Abstains
DE
Decrypt Editorial(03:33 PM UTC)
1 min read
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0 commentsIn brief
- The Federal Reserve proposed new rules requiring U.S. crypto firms to verify stablecoin users.
- Former Fed Chair Jerome Powell backed the proposal. Current Chair Kevin Warsh abstained without explanation.
- Some officials warned about the risks posed by the rules' exemption for decentralized protocols.
The Federal Reserve on Thursday issued a proposed rulemaking dictating how American…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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