Crypto Regulation Update: Fed Governors Speeches Signal Change

• The Federal Reserve shifts toward balanced crypto regulation to foster innovation.
• Stablecoins could strengthen the U.S. dollar’s global financial dominance.
• Fed governors advocate for policies supporting underserved communities and crypto.

FOX reporter Eleanor Terrett recently took to her X account to highlight a shift in the Federal Reserve’s approach to cryptocurrencies. According to Terrett, a pair of speeches delivered on February 7 by Republican Federal Reserve Governors Michelle Bowman and Christopher Waller signaled a more open stance toward digital assets and their role in the financial system.

In her speech on Feb. 7, Bowman emphasized the importance of clear and sensible regulation that encourages financial innovation rather than stifling it. She acknowledged that past regulatory approaches, like excessive de-risking, will not be effective for emerging technologies…

— Eleanor Terrett (@EleanorTerrett) February 11, 2025

Related: Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System

In their speeches, Bowman and Waller stressed the need for clear and reasonable regulation that encouraged financial innovation instea…

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