The U.S. crypto industry is witnessing a potential paradigm shift with the appointment of Michelle Bowman as Vice Chair for Supervision at the Federal Reserve (Fed). Bowman’s pragmatic regulatory approach is reshaping the landscape, signifying a move away from aggressive ‘hawkish’ stances towards a more nuanced and controlled approach to innovation in the sector. Her appointment marks a departure from long-held Fed positions that have been perceived as overly cautious and hesitant to embrace crypto. 🎧 Her influence extends beyond just regulatory frameworks; it also impacts how crypto companies interact with traditional financial institutions, creating greater clarity and stability for industry players.