FOX reporter: The Fed's stance on Crypto is changing positively

Odaily Planet Daily News FOX Business reporter Eleanor Terrett wrote on X: "The Fed's narrative 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 Vice Chairman of Supervision (responsible for overseeing supervision and how the Fed interacts with banks and cryptocurrencies); 2) They represent a change in tone and attitude, as they both previously voted in favor of policies that make it more difficult for banks to participate in cryptocurrencies. The two also voted against the application of custodial banks to become members of the Federal Reserve."