FOX journalist: The Fed's position on Crypto is undergoing positive changes

Odaily Planet Daily FOX Business reporter Eleanor Terrett wrote in X, “The narrative of the Federal Reserve on Crypto is changing. In two speeches last Friday, Republican Fed governors Michelle Bowman and Christopher Waller both expressed a more open attitude towards digital assets and their future in the financial system.” Their remarks are noteworthy because: 1) Trump may choose one of them to replace Michael Barr as the next regulatory vice chairman (responsible for overseeing regulation and interaction between the Fed, banks, and cryptocurrencies); 2) They represent a shift in tone and attitude, as they previously voted in favor of policies that make it harder for banks to participate in cryptocurrencies. Both of them also voted against the application for custody banks to become Fed members.