Unlikely Alliance? Powell and Trump Surprisingly Aligned on Stablecoins
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Federal Reserve Chair Jerome Powell and President Donald Trump have surprisingly aligned on stablecoin legislation, viewing it as a means to bolster the U.S. dollar's global dominance. Powell expressed optimism about stablecoin regulation progress, while Trump urged the House to pass the GENIUS Act. Despite past disagreements, both leaders believe dollar-backed digital assets can enhance U.S. monetary influence and maintain financial leadership amid rising competition from other currencies.
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