Top Federal Reserve leaders point to a significant shift to the acceptance of blockchain technology and stablecoins within the financial mainstream.
The FED officials have commented on the Blockchain symposium of Wyoming from 2025 that support Trump’s pro-Crypto policy and the evolution of the regulating signal.
Defi is just a new technology
In a speech on Wednesday, Governor Christopher Waller described a revolution -led revolution in the payment system and urged the financial sector not to be afraid of change. “There is nothing scary about this just because it occurs in the decentralized finances or Defi world – this is simply new technology to transfer objects and register transactions,” he said.
“There is nothing to be afraid of using smart contracts, tokenization or distributed led by daily transactions.”
He offered a particularly positive view of Stablecoins and noted that they can expand the international role of the US dollar. Waller emphasized how Stablecoins give users in subjects a new way to perform real-time, dollar-based transactions.
In a speech on Tuesday, Vice chairman Michelle Bowman called for an even more proactive shift in regulatory thinking. She stated that in the past bank rulers have been overly careful and conservative and that it is time to actively embrace technological innovation.
She identified that blockchain and assets – tokenization could dramatically improve the efficiency of payment and title transfer. With reference to the Genius Act, Bowman confirmed that federal banking counselors have already started designing a clear regulation framework for Stablecoins.
Markets gather about positive prospects
The uniform message of two of the highest officials of the FED is sending a clear signal: American supervisors plan to integrate digital assets into the national financial framework. The shared goal to draw up clear rules for Stablecoins and the modernization of supervisory approaches immediately resonated with the market.
After the release of Wednesday’s comments, investors hurried to buy leading Defi protocols. Aave, a large Defi -Munt, rose by 7.90%, while uni climbed 6.63%.
The Defi Post will not bite: US Fed enlighten the fear of mainstream first appeared on Beincrypto.
