😱🔥Crypto surprise at the Fed: This could change everything!”❗🇺🇸
This event could be a significant turning point for the regulation of digital assets in the #US. Michelle Bowman's appointment as Vice Chair for Supervision at the Fed raises expectations for a more balanced and data-driven regulatory approach, especially in the cryptocurrency sector.
The main points can be summarized as follows:
🧑⚖️ The nomination and voting process
Michelle Bowman was appointed to this position by Donald #TRUMP in March 2025.
She was confirmed in the Senate by a vote of 46-48.
Bowman has been a member of the Board of Governors of the #Fed since 2018.
🔍 What does this mean for cryptocurrency regulation?
Senator Cynthia Lummis (known as a cryptocurrency supporter) described this appointment as a 'turning point for digital assets.'
Lummis emphasized Bowman's 'data-driven, fact-based regulatory' approach.
Bowman had previously raised the potential of blockchain and digital assets in her speeches.
🏛️ Bowman's regulatory approach
In his testimony before the Senate Banking Committee in April, he stated that the financial regulatory framework in the U.S. was 'overly complex and redundant.'
He argued that regulation should be simplified.
This approach could mean clearer and more enforceable rules for the cryptocurrency sector.
📉 Highlighting issues in the system
Senate Banking Committee Chairman Tim Scott stated that past regulatory shortcomings have harmed the financial system.
It has been emphasized that Bowman will play an important role in addressing these gaps in her new role.
📌 Overall assessment
Michelle Bowman's appointment may be significant for cryptocurrency markets in the following ways:
Clear and simplified regulation.
An open, neutral approach to technology.
A regulatory approach that inspires confidence in the market.