TechFlow news — On February 11, according to Fox Business reporter Eleanor Terrett, Federal Reserve Board members Michelle Bowman and Christopher Waller expressed more open stances toward digital assets during speeches delivered on February 7. Bowman emphasized the need for clear and reasonable regulation to encourage financial innovation rather than stifle development, noting that overly de-risking regulatory approaches are inappropriate for emerging technologies like cryptocurrencies.
Waller stated that with proper regulatory support, stablecoins could expand the U.S. dollar's global influence and reinforce its status as the world's primary reserve currency. Analysts suggest this shift in tone carries significant implications for the crypto industry, particularly since one of them may be nominated by Trump as the next regulatory vice chair. Previously, both had voted in favor of policies restricting banks' involvement in crypto-related activities.
