Federal Reserve Chair Jerome Powell said the stablecoin sector has “matured and become more mainstream” over the past two years, noting that the broader crypto market is also moving into the financial mainstream. Powell added that the central bank is withdrawing or re-examining much of the crypto-related supervisory guidance issued in 2022, emphasising the Fed is taking a “careful approach” as it updates its stance toward digital assets. Separately, Powell said business uncertainty linked to U.S. trade policy peaked when the 145% tariff on Chinese goods took effect in April but that firms are now “feeling a little better,” suggesting some improvement in sentiment despite the higher levies.