4E: Federal Reserve Governor States Employees Should Be Allowed to Hold a Small Amount of Cryptocurrency, Wyoming Issues First State-Level Stablecoin

【4E: Federal Reserve Governor States Employees Should Be Allowed to Hold a Small Amount of Cryptocurrency, Wyoming Issues First State-Level Stablecoin】On August 20, according to 4E observations, Federal Reserve Governor Bowman stated that Federal Reserve employees should be allowed to hold a small amount of cryptocurrency, which would help understand digital asset products. Overly restricting this may hinder the recruitment and retention of professional talent. She also urged the industry to strengthen communication with regulators and promote the application of blockchain in areas such as fraud prevention. U.S. Treasury Secretary Bessent stated that the implementation of the (GENIUS Act) is crucial for maintaining the United States' leadership in the digital asset field. Stablecoins will expand the global channels for dollar usage and drive a surge in demand for U.S. Treasury bonds. Furthermore, Wyoming has officially launched the first state-level stablecoin in the U.S., FRNT, backed by dollars and short-term U.S. Treasury bonds, and has been launched on seven public chains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. 4E reminds investors: Policy signals and stablecoin innovations are accelerating the shaping of the global digital financial system, and investors can pay attention to the synergistic effects between the Ethereum ecosystem and the digitalization explorations of various central banks.