Christopher Waller supports stablecoin regulation

Federal Reserve Governor Christopher Waller has endorsed clear regulation of stablecoins, believing they will strengthen the U.S. dollar’s position as the world’s reserve currency. He noted that dollar-pegged stablecoins would expand its influence and enhance resilience in international transactions.

Stablecoins – a new era of payments

Waller believes that stablecoin regulation creates new opportunities for payment system development. According to him, these digital assets improve transaction mechanisms and enhance the efficiency of global financial operations. The Fed governor sees stablecoins as a natural complement to the existing payment infrastructure but emphasizes the need for strict regulatory rules to ensure transparency and the reliability of issuers.

New initiatives

Stablecoin regulation is tightening in the U.S. Senator Bill Hagerty introduced the GENIUS bill, which establishes Fed oversight for issuers with a market capitalization exceeding $10 billion, while smaller firms will be regulated at the state level. The head of the Trump administration’s cryptocurrency department called stablecoins a priority, and authorities plan to support Bitcoin and blockchain.