Powell Says No Stablecoin Ban Planned: Crypto Market Reacts
Investors in the cryptocurrency market breathed a sigh of relief after Jerome Powell, Chair of the Federal Reserve, announced that the US has no plans to ban stable coins. This comes after weeks of speculation and uncertainty surrounding the future of stablecoins in the United States.
Yesterday during Congressional testimony, Federal Reserve Chair Jerome Powell clarified that the Federal Reserve has no plans to ban stablecoins but does intend to ensure appropriate regulatory oversight. Addressing the House Financial Services Committee, Powell's statements offered much-needed clarity to the digital asset community. 30 de sept. de 2025 WASHINGTONFederal Reserve Chair Jerome Powell clarified that the central bank is not seeking to eliminate private-sector stablecoins and other types of cryptocurrencies, emphasizing the importance of innovation while managing potential risks.
Powell's remarks signal a potentially more flexible stance on cryptocurrency regulation. 30 de sept. de 2025 During testimony before the House Financial Services Committee Thursday, Federal Reserve Chairman Jerome Powell said that while a central bank digital currency (CBDC) could offer benefits, it's not intended to replace or eliminate stablecoins. He reiterated that The U.S. has no plans to ban cryptocurrencies, further solidifying the Fed's position.
While a ban is off the table, 30 de sept. de 2025 U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies, but said stablecoins need greater regulatory oversight. This increased oversight is aimed at protecting consumers and ensuring the stability of the financial system. Powell made the point that regulations should address risks associated with stablecoins, such as potential runs and operational vulnerabilities.
The announcement coincides with increasing bipartisan momentum for legislation related to digital assets. Jerome Powell señala una posible postura más flexible sobre la regulación de criptomonedas a medida que aumenta el impulso bipartidista por la legislación sobre cryptocurrency, suggesting a growing consensus on the need for a comprehensive regulatory framework.
In conclusion, while regulatory scrutiny is expected to intensify, Jerome Powell's assurance that there's no plan to ban stablecoins provides much-needed stability to the crypto market. The focus now shifts to developing a robust regulatory framework that balances innovation with consumer protection and financial stability.