FOX reporter: The Federal Reserve is more open to digital assets

FOX journalist Eleanor Terrett posted on social media that the Federal Reserve's statements about crypto are changing. In two speeches last Friday, Republican Federal Reserve board members Michelle Bowman and Christopher Waller expressed a more open attitude towards digital assets and their future in the financial system. Their comments are noteworthy because:

· Trump may choose one of them to replace Michael Barr as the next regulatory vice chairman (responsible for overseeing regulation and the Fed's interaction with banks and cryptocurrencies);

· They represent a shift in tone and attitude, as they previously voted to make it harder for banks to participate in cryptocurrency policies. Both also voted against the application for custody banks to become members of the Federal Reserve.