Fed Governor Waller Backs Stablecoin Framework: ‘Good Starting Point’ for Cryptocurrency

The US financial system is bracing for a paradigm shift in the world of digital finance. Federal Reserve Governor Christopher Waller, a key voice on financial policy, has expressed a positive view regarding stablecoin regulation, specifically highlighting the GENIUS Act as a promising starting point. This statement signifies a gradual and adaptable approach towards incorporating cryptocurrencies into the mainstream financial system, while tackling risks associated with their rapid growth.