Ondo Finance (@OndoFinance): "Change is coming," says Michelle Bowman, Vice Chair for Supervision at the Federal Reserve.
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"Change is coming," says Michelle Bowman, Vice Chair for Supervision at the Federal Reserve. At the Wyoming Blockchain Symposium, she urged regulators to abandon their "overly cautious mindset" toward blockchain technology. Key takeaways: 1) Regulators must embrace blockchain's benefits: Enhanced speed, safety, and operational efficiency across financial systems. 2) Tokenization solves real problems: Faster, cheaper, and more seamless asset transfers compared to traditional infrastructure. 3) Smart regulation is essential: Rules must be transparent, risk-proportionate, and balanced to support both innovation and financial stability. The Federal Reserve's Vice Chair for Supervision speaking on blockchain innovation signals a meaningful shift toward pro-innovation cryptocurrency regulation in the United States.