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Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins

Federal Reserve Chair Jerome Powell testified in the House Financial Services Committee, saying Fed staff has been in talks with lawmakers on crypto legislation that is expected to be marked up in July.

Federal Reserve Chairman Jerome Powell testifies. (Win McNamee/Getty Images)
Federal Reserve Chairman Jerome Powell testifies. (Win McNamee/Getty Images)