The Federal Reserve governor argued that stablecoins' increasing demand for dollar-tied assets such as Treasuries will force monetary policy decisions.

In the wake of the U.S. GENIUS Act, Canadian lawmakers are moving on Canadian-dollar-backed stablecoin legislation, which is being cheered by crypto interests.

One of the biggest advocacy groups for banking in the U.S. has asked the Office of the Comptroller of the Currency to dismiss Coinbase's licensing effort.