This development could be a significant turning point for digital asset regulation in the #US . The appointment of Michelle Bowman as the Fed’s Deputy Chair for Supervision raises expectations for a more balanced and evidence-based regulatory approach, especially in the cryptocurrency sector.
The highlights can be summarized as follows:
🧑⚖️ Appointment and Voting Process
Michelle Bowman was nominated for this position by Donald #TRUMP in March 2025.
She was confirmed in the Senate by a vote of 46-48.
Bowman has served on the #Fed ’s Board of Governors since 2018.
🔍 What Does It Mean for Crypto Regulation?
Senator Cynthia Lummis (known as a crypto ally) described this appointment as a “watershed moment for digital assets.”
Lummis emphasized Bowman’s “political, evidence-based regulatory” approach.
Bowman has previously raised the potential of blockchain and digital assets in his speeches.
🏛️ Bowman’s Regulatory Approach
In his testimony to the Senate Banking Committee in April, he stated that the financial regulatory structure in the US was “overly complex and repetitive.”
He argued that regulations should be simplified.
This approach could mean clearer and more enforceable rules for the crypto sector.
📉 Highlighting Problems in the System
Senate Banking Committee Chairman Tim Scott stated that past regulatory deficiencies have harmed the financial system.
It was emphasized that Bowman will play an important role in closing these gaps in his new role.
📌 General Assessment
Michelle Bowman’s appointment could be important for crypto markets in the following ways:
Clearer and simplified regulations.
An open, neutral approach to technology.
A regulatory approach that inspires confidence in the market.