Governor of the Federal Reserve Christopher Waller stated that “there is nothing scary” on Defi, simply because it works outside the traditional bank infrastructure.
Speaking at Wyoming Blockchain Symposium 2025, framed Waller blockchain-based transactions as a Natural technological evolution Instead of disturbing threats.
He compared Defi operations with conventional purchases and noted that buying crypto with stablecoins follows the same fundamental process through smart contracts as the use of payment cards in supermarkets.
Waller noted:
“There is nothing to be afraid of using smart contracts, tokenization or distributed led by daily transactions.”
The Fed Governor positioned Defi technologies as new tools for transferring assets and recording transactions, referring to their functional similarity to established payment methods.
Waller advocated innovation guided by the private sector as the primary cause of the progress of the payment system and called Stablecoins the latest example of market -driven solutions.
Moreover, he has credited the development of Stablecoin with the worldwide renewal of the accessibility of dollars, in particular in countries with high inflation that do not have affordable banking services.
Waller even emphasized the potential of Stablecoins to “maintain and expand the role of the dollar internationally”, while the retail and cross-border payments are improved by 24/7 availability and rapid transferability.
The speech follows the Passage of the brilliant actionThe first primary crypto legislation signed in the law, which Waller called ‘an important step for the market for payment stablecoin’.
Reinforcement of a Defi-friendly attitude
Wallers Wyoming comments build on earlier pro-innovation positions expressed in 2024.
In October, the Fed Gouverneur at the Vienna Macro -economic workshop in October spoke, argued that Defi would do that probably a supplement to traditional finances Instead of completely replacing it.
He acknowledged the potential of Defi to streamline financial activities while maintaining the enforcement that intermediaries serve valuable functions for most people.
At the annual Clearing House conference in November 2024, Waller advocates market -driven solutions In crypto and payments, emphasizing the benefits of the private sector in promoting innovation through competition.
He argued that profit motivation and competition enable private companies to make superior decisions about technology investments and assessment of the needs of consumer needs.
Waller emphasized that the FED technical research carries out tokenization, smart contracts and artificial intelligence in payments. The effort supports the role of the FED as an operator of a payment system, while the companies in the private sector can use the infrastructure of the central bank.
Waller described the payment system as experiencing a “technology -driven revolution” driven by progress in computing power, data processing and distributed networks.
