Federal Reserve Governor Michael Barr shared his views on stablecoins in a new speech.

Barr served as vice chair for supervision of the Federal Reserve from 2022 to 2025 and was an assistant secretary of the Treasury for financial institutions under President Barack Obama.

In the speech, Barr discussed gaps in the law that he believes pose risks to financial stability and consumer protection if federal and state regulators don’t quickly establish safeguards for individuals and businesses. He also suggested that attention should be focused on tokenized deposits as a more robust alternative.

Author: sdbrownlow

Student of Design