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        "rendered": "<div data-gtm-locator=\"articles\" data-v-43e640e6>\n<article id=\"article-213592\" data-v-43e640e6>\n<p itemprop=\"description\" data-v-43e640e6> While Fed Governor Lisa Cook attempts to argue against her dismissal in court, the central bank said it will hold an October event to address innovation in payments. <\/p>\n<div data-v-43e640e6><picture><source media=\"(min-width: 1200px)\" ><source media=\"(min-width: 992px)\" ><source media=\"(min-width: 768px)\" ><source media=\"(min-width: 480px)\" ><img  loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-02\/0194ddd5-a56d-7008-8601-7caa7102ae11\" alt=\"US Fed to hold conference on digital assets amid challenges to leadership\"><\/picture><\/div>\n<div data-v-43e640e6>\n<div data-v-43e640e6>\n<p>The US Federal Reserve Board has scheduled a conference to discuss topics related to payments, including stablecoins and tokenization.<\/p>\n<p>In a Wednesday notice, the Fed <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/other20250903a.htm\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> the Oct. 21 conference would address \u201cemerging stablecoin use cases and business models\u201d as well as \u201ctokenization of financial products and services\u201d as part of efforts to innovate US payments systems. <\/p>\n<p data-ct-non-breakable=\"undefined\">Though the announcement came from the entire Fed board, Governor Christopher Waller, rather than Chair Jerome Powell, provided comments on the event.<\/p>\n<p>\u201cInnovation has been a constant in payments to meet the changing needs of consumers and businesses,\u201d said Waller. \u201cI look forward to examining the opportunities and challenges of new technologies, bringing together ideas on how to improve the safety and efficiency of payments, and hearing from those helping to shape the future of payments.\u201d\u00a0<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17715136\"><\/template><\/p>\n<p>The exploration of stablecoin use cases was likely a nod to the passage of the GENIUS Act in July. The bill establishing a framework for payment stablecoins requires the US Treasury and Fed to issue regulations before implementation. <\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/fed-seat-picks-donald-trump-crypto\" title=\"null\"><em><strong>Trump picks top economic adviser to temporarily fill crucial US Fed seat<\/strong><\/em><\/a><\/p>\n<h2>Challenges to the Fed\u2019s independence<\/h2>\n<p>The conference was announced amid widespread concerns about the Fed\u2019s independence as US President Donald Trump <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/trump-fires-fed-governor-lisa-cook-dollar-bitcoin-market-uncertainty\" rel=\"https:\/\/cointelegraph.com\/news\/trump-fires-fed-governor-lisa-cook-dollar-bitcoin-market-uncertainty\" target=\"https:\/\/cointelegraph.com\/news\/trump-fires-fed-governor-lisa-cook-dollar-bitcoin-market-uncertainty\" title=\"https:\/\/cointelegraph.com\/news\/trump-fires-fed-governor-lisa-cook-dollar-bitcoin-market-uncertainty\">attempts to fire Governor Lisa Cook<\/a> over claims of mortgage fraud. Cook said she would not step down and filed a lawsuit to block Trump\u2019s actions.\u00a0<\/p>\n<p>About 600 economists <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-02\/over-450-economists-back-cook-fed-independence-in-open-letter\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">penned<\/a> an open letter on Tuesday, reminding the administration that \u201cno Governor should be removed absent a clear, documented \u2018for cause\u2019 basis that would withstand judicial scrutiny,\u201d warning of challenges to the Fed\u2019s independence. <\/p>\n<p>\u201cWeakening that standard increases monetary policy uncertainty and forces markets to price political risk into interest rates, raising those rates and costs for families and businesses,\u201d said the letter. \u201cElected officials should refrain from rhetoric or actions that erode the Federal Reserve\u2019s independence [\u2026].\u201d<\/p>\n<p data-ct-non-breakable=\"undefined\">Cointelegraph reached out to the Fed for comment but had not received a response at the time of publication.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/0BX9AlZw1UI?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p>Though Cook\u2019s case is still moving through US courts, many legal experts have already weighed in on the matter since Trump repeatedly signaled his wish to remove Powell before his term expires in 2026. <\/p>\n<p data-ct-non-breakable=\"undefined\">An earlier Supreme Court opinion expanded presidential powers over agencies previously considered independent from the presidency, but said the Fed was a \u201cuniquely structured, quasi-private entity,\u201d signaling that any removal of its leadership had to be \u201cfor cause.\u201d\u00a0\u00a0<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/privacy-survive-us-crypto-policy-roman-storms-conviction\/\" title=\"null\"><em><strong>Can privacy survive in US crypto policy after Roman Storm\u2019s conviction?<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p><img decoding=\"async\" alt src=\"https:\/\/zoa.cointelegraph.com\/pixel?postId=213592&#038;regionId=1\" data-v-43e640e6><\/p>\n<\/div>\n<\/div>",
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