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Benzinga
Federal Reserve Chair Jerome Powell has acknowledged stablecoins as a legitimate monetary instrument. Appearing before the U.S. House Financial Services Committee’s half-yearly monetary policy review on Wednesday, Powell discussed the digital asset sector. Watch below: This was Powell’s first testimony before Congress since March. Powell was summoned to shed light on the country’s interest rate trends and the Fed’s recent resolution to hold off on further hikes. Also Read: Singapore Fintech Raises $16.5M To Bridge Traditional And Digital Currencies Powell also emphasized that the Fed considers…
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