On April 17, according to TechinAsia, Federal Reserve Chairman Powell said in an interview with the Chicago Economic Club this morning that regulatory restrictions on banks' crypto business may be relaxed in the future. Powell reviewed the "successive bursts and fraud incidents in the cryptocurrency field" in the past few years, but pointed out that the current industry environment has become mainstream. "We have previously implemented quite conservative regulatory guidelines for banks - other banking regulators are even stricter, and I think the relevant rules will be relaxed. The Fed will promote moderate innovation on the premise of ensuring the safety and stability of the financial system, while avoiding consumers from taking unknowable risks and ensuring bank security."

Since Trump took office in January this year, federal banking regulators have continued to adjust their stance on digital assets. Last month, the Federal Deposit Insurance Corporation (FDIC) announced the withdrawal of the old version of the guidelines, clarifying that its regulators can "engage compliant crypto business" without prior approval; the OCC also said earlier that it would allow the federal banking system to participate in crypto-related activities.

Both houses of the U.S. Congress are rapidly advancing the construction of a legislative framework for stablecoin. Both the House and Senate bills have passed the committee's review, and Trump expressed his hope to sign them as soon as possible to make them law. "Stablecoins, as digital products that may be widely used, should be equipped with conventional consumer protection measures and information disclosure requirements, which is the focus of the legislative work of both houses."