Bowman Confirmed as Fed Vice Chair: A Positive Signal for Crypto Regulation

Michelle Bowman’s confirmation to the Federal Reserve Board has a significant impact on the future of digital asset regulation in the U.S. 48 members voted in favor, securing her role and giving her direct influence over how the central bank approaches the regulation of banks, financial institutions, and emerging technologies including cryptocurrencies. 2018 saw Bowman join the Fed Board after being nominated by President Trump. Her new position will give her a leading voice on banking policies related to digital assets like custody, crypto-linked products, and institutional involvement in blockchain technology.