🚀 US Federal Reserve Chairman Jerome Powell emphasized the need for a legislative framework for stablecoins at a meeting with House Democrats. 📜 He expressed satisfaction that the stablecoin bill is already close to completion.

🔹 Powell also announced the need for Congress to approve the Central Bank of Digital Currencies (CBDC).

🔹 Earlier, in June 2023, at a monetary policy hearing, Powell already spoke out about the Federal Reserve's position on stablecoins, emphasizing the importance of the central bank's authority in monetary systems.

💬 Share your opinion on the impact of legislation on the crypto industry in the comments!