ECB's Schnabel: From money market funds to stablecoins: lessons for central banks | Crypto Craft

  • ECB's Schnabel: From money market funds to stablecoins: lessons for central banks

    From ecb.europa.eu

    The nature of money has never been static. Over the centuries, financial innovation has reshaped how money is created, transferred and stored, often enhancing efficiency, broadening access and boosting economic welfare. When such innovations reach scale, they alter the structure of the financial system, with consequences for financial stability, monetary policy and the international monetary order. One recent innovation has been stablecoins. These are privately issued digital tokens pegged to fiat currencies and typically backed by portfolios of traditional assets. Their rapid rise has raised questions about their ... (full story)

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    Powell: Acceptance Remarks

    From federalreserve.gov|May 31, 2026|2 comments

    Thank you, Jack, for that kind introduction. It is a great privilege to be here tonight with you, Ambassador Kennedy, and your family. And thank you to the JFK Library Foundation and the committee members for this honor. President Kennedy was an inspiring public servant who demonstrated compassion, grace, ingenuity, and courage during trying times. He was also a towering figure in my early life. In November 1963, I was a fifth grader at Blessed Sacrament School in Washington, D.C. That terrible afternoon, our teachers were suddenly called to the principal's office, only to return in tears. I remember that moment very clearly, and the dark days that followed. They made an indelible impression on me. I am one of the many whom President Kennedy inspired to serve the public. Sixty-two years on, it is worth remembering how fortunate we are to be Americans today, and to enjoy the fruits of 250 years of progress toward the Founders' timeless ideal that all of us are created equal. We inherit and hold in trust a nation built on the promise of freedom. We are blessed by the courage of previous generations who worked, sacrificed, and dreamed so that we could live in the strongest, most prosperous nation in the world. The United States has long been the leader of the world's freedom-seeking people—the indispensable nation. Other countries know us as a nation built on integrity, and that integrity must be maintained. President Kennedy upheld that tradition and resiste FORMER FED CHAIR JEROME POWELL WARNED THAT ALLOWING A PRESIDENT TO REMOVE FEDERAL RESERVE OFFICIALS OVER POLICY DISAGREEMENTS WOULD UNDERMINE THE FED’S INDEPENDENCE AND DESTROY ITS CREDIBILITY WITH THE PUBLIC.

    House Financial Services Committee targets tokenization as next crypto policy priority

    From tradersunion.com|May 31, 2026

    With stablecoin and market structure legislation moving through Congress, House Republicans are shifting their crypto policy focus toward tokenization and related regulatory ...

    Trump: CNN said today, that my Iran nuclear deal doesn’t talk about nuclear

    From @realDonaldTrump|May 31, 2026|22 comments

    Fake News CNN said today, routinely, that my Iran Nuclear Deal doesn’t talk about Nuclear, when actually it states, very clearly, that Iran will not have a Nuclear Weapon. It then goes on, in very strong and lengthy detail, to discuss various other aspects of Nuclear. In fact, that’s what most of the agreement is about. CNN, and so many others in the Fake News Media, is a Low Ratings disaster. Even with new ownership, it is unlikely to ever get better!!! President DJT

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