Powell Told Democrats Stablecoin Framework Needed: Politico

Fed Chair Jerome Powell told Democrats on the Financial Services Committee a framework is needed for stablecoins, Politico reports, citing a person familiar with the matter.

• Powell also said that Congress would have to authorize any central bank digital currency, Politico reports

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Alisa Parenti in Washington at aparenti7@bloomberg.net

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Megan Howard at mhoward70@bloomberg.net

Catherine Dodge

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