The prominent candidate for the Federal Reserve 🇺🇸 Christopher Waller gives the green light ✅ to institutions for Ethereum
🔹 Who said? Federal Governor Christopher Waller, a potential candidate for the upcoming Federal Reserve chair.
🔹 When? During a speech at the Wyoming Blockchain Symposium 2025.
💬 Summary of the speech:
Waller called on banks and financial institutions to adopt digital currencies as a natural step in the evolution of payment systems.
He praised Ethereum and stablecoins, noting that smart contracts and blockchain technologies do not carry extraordinary risks in everyday use.
He compared the current doubts about digital currencies to the skepticism faced by credit cards in their early days.
💵 Stablecoins:
Enhance access to the dollar in areas suffering from financial instability.
Enable instant transfers and strengthen the role of the dollar as a global reserve currency.
📈 Ethereum Market:
The price is currently stable around $4,500 after recovering from a previous drop.
Data showed a net outflow of 628,000 ETH from exchanges during August 24–27, with an increase in whale holdings between 10K–100K ETH.
This indicates strong institutional demand that could drive prices higher if the liquidity shortage continues.
