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During Thursday's House Financial Services Committee meeting, U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies but signaled stablecoins need greater regulatory oversight. Committee member Rep. Tom Emmer (D-Minn.) reacts. "People in the federal government, specifically the executive branch ... are trying to gain control over the cryptocurrency industry and direct it," Emmer said. Plus, his take on the "misguided" rush to develop a U.S. CBDC and crypto coming into focus in Washington. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk... Site: https://www.coindesk.com Twitter: / coindesk LinkedIn: / admin Instagram: / coindesk Facebook: / coindesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkv... Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8B... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.