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🚨 Fed Governor Christopher Waller: "DeFi and stablecoin are nothing to be afraid of."
📌 Speaking at the Wyoming Blockchain Symposium, Waller compared buying memecoins with stablecoins to swiping a debit card to purchase groceries — the same process, just different technology. He urged policymakers and banks to embrace smart contracts, tokenization, and distributed blockchain as part of the future of the U.S. payment system.
💡 Waller evaluates the GENIUS Act as a significant milestone for the development of stablecoins, helping the USD maintain its global position, especially in countries with high inflation. With the stablecoin market potentially reaching 2 trillion USD by 2028, Waller's pro-crypto stance will carry more weight as he is seen as a strong candidate to replace Jerome Powell in 2026.
#DeFi Stablecoin #Crypto