U.S. Federal Reserve’s Barr Holds Line on Central Bank Needing Stablecoin Powers

Atmosphere (Shutterstock/CoinDesk)

Lawmakers have moved a stablecoin bill through the House Financial Services Committee, winning some support from a handful of Democrats on that panel. The regulatory effort would still need to pass a floor vote in the House, though possibly attached to another must-pass spending bill. Then it needs Senate approval, which has so far been harder to come by.

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