---
title: "Unlikely Alliance? Powell and Trump Surprisingly Aligned on Stablecoins"
description: "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 expresse"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/246023495.md"
published_at: "2025-06-25T07:13:19.000Z"
---

# Unlikely Alliance? Powell and Trump Surprisingly Aligned on Stablecoins

> 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.

****TradingKey – In a rare show of unity, Federal Reserve Chair Jerome Powell and President Donald Trump appear to share common ground on**** ****stablecoin**** ****legislation, both viewing it as a strategic tool to reinforce the U.S. dollar’s global dominance.****

On Tuesday, Powell expressed optimism about the progress of stablecoin regulation, stating, “It’s encouraging to see legislation on stablecoins moving forward.” His remarks echoed Trump’s recent push for the House of Representatives to swiftly pass a streamlined version of the GENIUS Act, which has already cleared the Senate and is now awaiting a House vote before heading to the president’s desk.

While Powell and Trump have often clashed on issues like interest rate policy, their alignment on stablecoins stems from a shared belief that dollar-backed digital assets can strengthen U.S. monetary influence. Both see stablecoins as a way to digitize the dollar, expand its reach globally, and maintain America’s financial leadership in the face of rising competition from other currencies and blockchain ecosystems.

Find out more

### Related Stocks

- [CRCL.US - Circle](https://longbridge.com/en/quote/CRCL.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Circle Internet Group Unusual Options Activity | High-rolling investors are bullish on Circle Internet Group (NYSE:CRCL), with 62% of options trades indicating a positiv | [Link](https://longbridge.com/en/news/275918482.md) |
| 04:52 ETBybit EU Expands Access to USDC and EURC Through New Stablecoin Campaigns in Europe | Bybit EU has launched new stablecoin campaigns featuring USDC and EURC to promote responsible digital asset usage in Eur | [Link](https://longbridge.com/en/news/276319961.md) |
| Crypto investors who don't fill out this new tax form the right way could overpay on their taxes | Crypto investors face potential tax overpayments due to a new IRS form, the 1099-DA, which reports profits but lacks cos | [Link](https://longbridge.com/en/news/275980081.md) |
| STBL - Progress X Spaces - 13 February 2026 | The STBL team will host a live X Space on February 13, 2026, to discuss developments, partnerships, and future plans for | [Link](https://longbridge.com/en/news/275929383.md) |
| Modern Treasury Launches Payments: An Integrated Payment Service Provider (PSP) for Fiat and Stablecoins | Modern Treasury has launched Payments, an integrated payment service provider (PSP) that combines multi-rail payments, a | [Link](https://longbridge.com/en/news/276238176.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.