Sea June 25, 2025 ▪
5
Min read ▪ by
Against the tide of years of regulatory uncertainty, Washington seems determined to regain control of the cryptographic ecosystem. On June 18, the president of the federal reserve, Jerome Powell, surprised clearly by clearly supporting two historic bills on stablecoins and the cryptography market. In a political climate changing in the United States, this position marks a potential turning point for industry, which has long been waiting for a solid and predictable legal framework.
Brief
- Jerome Powell, president of the Fed, calls for the progress of cryptographic laws at the American Congress “a great thing”.
- The Act on Engineering, recently adopted by the Senate, aims to regulate stablecoins at the federal level with large political support.
- Powell underlines the urgency of establishing a specific framework for Stablecoins, breaking with the previous prudent position of the Fed.
- Donald Trump publicly supports the law on genius and requests its rapid adoption by the House of Representatives.
Powell validates the urgency of a frame for stablecoins
While the Fed changes its strategy on the cryptographic activities of the banks, during its testimony of June 18 before the Congress, the president of the American federal reserve, Jerome Powell, “said that legislative progress on crypto was”an excellent thing“Adding that”We need a frame for stablecoins“.
This clear position contrasts with prudence shown by the Fed in recent years. Such a declaration arises while the Bipartite Engineering Act, aimed at regulating stablecoins, has just been approved by Senate 68 to 30.
Powell, who pleaded in 2021 for regulations similar to bank deposits and money market funds, now incorporates Fed into a favorable rather than suspicious role.
This bill, which could be promulgated this summer, if the House of Representatives follows, marks a major regulatory turning point. He provides in particular:
- A clear federal framework for stable -co -trading, with centralized regulatory monitoring;
- Reserve and transparency requirements to guarantee the stability and solvency of stable transmitters;
- A rare political consensus, supported by Donald Trump, who called the bill “amazing“And presented it as a lever for the manufacture of the United States”The undisputed chief of the crypto»»
- An unprecedented alignment between the Fed, the Congress and the Executive, which could accelerate the adoption of a legal framework long awaited by the industry.
For many players in the industry, recognition by the Fed of the importance of such a framework is a decisive, even historical signal. It could trigger a new institutional investment cycle and give the United States a strategic advantage in the international digital currency competition.
Towards the end of “debanking” and a banking climate more favorable to cryptos
Beyond the issue of Stablecoins, Jerome Powell has also made a strategic change by announcing that the Fed would no longer be “take into account the risk of reputation»In the evaluation of banking activities.
A decision with major repercussions, because this concept has been invoked several times in recent years to justify the exclusion of customers or partners linked to crypto. Asked about the subject, Powell specified: “Banks are also free to carry out activities related to crypto, provided they do so in a way that preserves security and financial solidity. “”
In other words, banks can now work with cryptographic players without fear of penalties due to image considerations.
This new approach comes in the midst of the Republican surveys to presume “banking exclusionAffairs under the Biden administration, where certain entities would have refused by banking access due to their activities related to the crypto.
Powell recognized the phenomenon: “In 2024, we came to the conclusion that it was a serious problem that was to be solved. “”
This paradigm change already seems to have effects. JP Morgan, via Jamie Dimon, a critic known to Bitcoin, confirmed that his customers can now buy BTC via the bank.
These signals confirm a progressive realignment of the traditional financial system with the logic of the cryptographic market. By recognizing past errors linked to banking exclusion, the Fed opens a clearer space for collaboration between financial institutions and blockchain companies. This could encourage a massive return of banks to the ecosystem of American cryptography as the rules become clearer. If the trend is confirmed, the United States could regain a position of management in financial innovation, just as Europe implements Mica and Asia accelerates its own projects.
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Diploma of Sciences Po Toulouse and holder of a Blockchain certification consultant issued by Ayra, I joined the Cointribuna adventure in 2019. Convinced of the blockchain potential This ecosystem in Constantie Evolution. My goal is to allow everyone to understand the blockchain and to seize the opportunities it offers. I strive every day to provide an objective analysis of adreity, to decorate market trends, to relay the latest technological innovations and to put into perspective the economic and societal En Marche Enjenes.
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