Federal Reserve Governor Signals New Era for Crypto Adoption in Payments
Federal Reserve Governor Christopher Waller declared a pivotal shift in the central bank's stance toward cryptocurrencies, emphasizing their integration into mainstream payment systems. Speaking at the Payments Innovation Conference in Washington, DC, Waller framed crypto and decentralized finance (DeFi) as drivers of a "tech-driven revolution"—marking a departure from past skepticism.
"This is a new era for the Federal Reserve in payments," Waller stated, explicitly welcoming industry participants to collaborate on the future of U.S. payment infrastructure. The remarks highlight stablecoins and tokenization as transformative technologies, though the speech was truncated mid-sentence on the latter point.