Bowman’s Senate Confirmation Looms for Crypto Regulation

Michelle Bowman, nominated by President Trump and set to become the Federal Reserve’s new Vice Chair for Supervision, will face scrutiny during a Senate hearing next Thursday. This confirmation hearing comes at a pivotal moment as the Fed grapples with navigating the evolving landscape of cryptocurrencies, particularly on issues like debanking and regulatory oversight. The appointment marks Bowman’s return to the Central Bank System following her previous stint under Trump 1.0.