US Federal Reserve Chairman Jerome Powell just said live that there is currently no intention to ban cryptocurrency or stable coins.

While we already knew this was their policy its good that its reiterated especially with a tonne of people watching the US right now regarding their potential shutdown and raising the debt ceiling. It's also good that at this time their mindset hasn't changed. They also casually mentioned regulation around crypto as well. Overall bullish for crypto.

I personally think the future of loans/staking/investment/moving money/etc is stable coins. A future where money transfer are done with stable coins. I'll try and get the exact clip/snippet/quote from the stream so it can be shared.

What are your thoughts here?