Powell says stablecoins are a ‘form of money’ that central banks should supervise
Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.
The global crypto market cap is $1.18 trillion, with a 24-hour volume of $63.03 billion. The price of Bitcoin is $30,540.36, and BTC market dominance is 50.1%. The price of Ethereum is $1,888.89, and ETH market dominance is 19.2%. The best-performing sector is eCommerce, which gained 76%. The Crypto Fear & Greed Index is currently Greed (59).
Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.
Hayden Adams said that many countries in the world are taking steps to "study DeFi and understand it" but the U.S. is mostly using it for "political grandstanding, unfortunately."
How is it, you do not mention that Promentheum Embers is the FIRST company given a Special Purpose Broker Dealer (SPBD) status.
With the authorization of the Promentheum platform MOST cryptocurrencies must the registered as securities.