Fed’s New Supervision Chief Advocates for Crypto Integration in Finance

Michelle Bowman, the U.S. Federal Reserve's vice chair for supervision, has positioned herself as a vocal proponent of cryptocurrency adoption within traditional finance. Speaking at the Wyoming Blockchain Symposium, Bowman warned banks that resisting the digital asset wave risked marginalization. "Your industry has already experienced significant frictions with bank regulators applying unclear standards," she stated, calling for a strategic regulatory framework tailored to emerging technologies.

The remarks signal a notable shift in tone from U.S. banking regulators, with Bowman emphasizing the need to avoid shoehorning crypto into existing frameworks. Her role will prove pivotal as the Fed implements stablecoin regulations under the GENIUS Act, potentially shaping the trajectory of institutional crypto adoption.