U.S. Fed Official Urges Collaboration between States and Feds for Stablecoin Policy

IconCNT15 May, 2024

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U.S. Fed Official Urges Collaboration between States and Feds for Stablecoin Policy

Michelle Bowman, a member of the Federal Reserve Board, emphasized the need for collaboration between state and federal governments to establish a stablecoin regulatory framework. "There's more openness at the state level for discussions on advancing in this area," she stated. Bowman's remarks acknowledge the growing significance of stablecoins and the necessity for a comprehensive regulatory approach. By working together, states and the federal government can ensure the safe and responsible development of this emerging technology. Previously on [date], Michelle Bowman highlighted the importance of state-federal collaboration for stablecoin regulation.

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