Michelle Bowman’s Nomination: Key Regulatory Shift for Crypto?

Michelle Bowman’s nomination as Vice Chair for Supervision at the Federal Reserve holds significant implications for the future of cryptocurrency regulation. She is set to replace Michael Barr, whose stricter stance on cryptocurrencies has sparked debate within the industry. While Bowman expresses a potential desire to foster regulated innovation in the space, Republicans are expected to scrutinize her views on de-banking and the Fed’s policy towards digital assets during the hearing. This could lead to a significant shift in regulation impacting institutions using digital currencies. )