Federal Reserve Governor Bowman: State and Federal Governments Need to Cooperate on Stablecoins

Federal Reserve Governor Bowman recently stated that state and federal governments need to work more closely on stablecoin regulation. Bowman pointed out that with the rapid development of the stablecoin market, existing regulatory frameworks need to adapt to new technologies and market dynamics. She emphasized that coordination between the two levels of government is crucial for protecting consumers and maintaining financial stability. Bowman also mentioned that future regulatory measures will require cross-departmental cooperation to ensure the safe and compliant development of stablecoins.