U.S. Federal Reserve Chair Jerome Powell suggests crypto’s move toward mainstream adoption is driven by evolving regulatory landscapes. Notably, Congress is actively crafting a legal framework for stablecoins, according to Powell. He acknowledged the potential for widespread adoption, stating ‘depending on what’s in it, that’s a good idea.’ Earlier comments from Powell regarding Bitcoin as a digital gold standard also point towards a more open approach toward cryptocurrencies. In his recent speech, Powell highlighted the upcoming economic challenges stemming from increased tariffs and predicted slower growth. He further noted that US economic activity has slowed down compared to previous years. Powell’s tenure at the helm of the Federal Reserve began in 2018. News outlets such as the New York Post report on the process of interviewing potential successors for Powell’s position, which is expected to take place this fall.