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US stablecoins pose `significant’ risk calling for legislation, US Fed’s Barr says

By Neil Roland ( February 25, 2025, 22:13 GMT | Insight) -- Michael Barr, the US Federal Reserve’s top regulator, said stablecoins pose a “significant risk” that calls for congressional legislation. “Congress has been working on bipartisan legislation on stable coins for a number of years now, and I think it would be good to get that over the finish line, if it can be done in an even handed and open and transparent way to have that framework,” said Barr, who is stepping down as vice chair for supervision and regulation at the end of the week to become a Fed governor.Michael Barr, the US Federal Reserve’s top regulator, said stablecoins pose a "significant risks" that call for congressional legislation....

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