Odaily News Michael Barr, the Federal Reserve’s vice chairman for supervision, said that the Fed needs to regulate and enforce laws against stablecoin issuers, and this debate over federal oversight has been a major sticking point in the House of Representatives debate on legislation. “We need a strong federal framework,” he said at a D.C. FinTech Week event in Washington. “They are creating a kind of private money, and private money needs to be well regulated.” Lawmakers have advanced a stablecoin bill through the House Financial Services Committee, winning some support from the committee’s minority Democrats. The oversight effort would still require a full House vote, though it could be attached to another must-pass spending bill. (Coindesk)