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Federal Reserve Governor Christopher Waller defended stablecoins at a conference, emphasizing their role in payment competition rather than crypto risks. He highlighted the potential for stablecoins to extend monetary reach globally. Meanwhile, Bank of England policymaker Megan Greene suggested that tokenized deposits could surpass stablecoins in the future. Senator Cynthia Lummis urged Congress to act on digital asset regulation to maintain U.S. financial leadership.
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