Senate Agrees on Michelle Bowman for Key Bank Post

The U.S. Senate confirmed Michelle Bowman as Vice Chair for Supervision in a close vote, 48 to 46. This pivotal decision could impact the cryptocurrency sector significantly, according to Senator Cynthia Lummis of Wyoming. Bowman’s experience as a Federal Reserve Governor since her Trump-era nomination in 2018 has prepared her to address complex regulatory issues, and she has expressed concerns about the U.S.’s intricate regulatory landscape.