US Senate, Fed Governor Michelle Bowman48’ye 46 votes in charge of the audit. Wyoming Senator Cynthia lummis He described the decision as “turning point for the crypto money market”. Bowman won the right to sit in the seat after President Trump’s nomination in March. Bowman, who has been the governor of the FED since 2018, warned that “the control framework in the US has filled with rules that became unnecessary complex and overlapping”. Lummis, in his share of X account, “evidence -based regulation understanding will bring balance to banking control,” he said. Senator Banking Committee President Senator Tim Scott He emphasized that the new assignment is critical for a strong banking system.
Details of the script by the Senate to Bowman
The voting took place in the shadow of inter -party conflict. Republicans While giving bulk support, Democrats On the front, two senators were separated in the direction of “yes .. Scott said that the call for a quick assignment was found, saying that the fact that the task is “costly” in the past. With Bowman’s start, the FED aims to reduce uncertainty in the regulation policy. Market participants are waiting for a clearer road map.
Bowman’s previous speeches point to the desire to alleviate the burden on regional banks. He argues that the arrangement should be simple without compromising the inclusion. The question marks on the position of FinTech Innovation Center Finhub are also on the table. Bowman proposes the integration of innovation under the roof of the Fed.
What awaits the crypto money market?
Lummis’s message is at Capitol Hill crypto currency His friendly wing had resonated as the voice of the wing. Senator emphasized Bowman’s line of olmadan not reading the market with data and surrendering to political concerns ”. The Crypto Money Innovation Council also drew attention to Bowman’s ability to understand Blockchain transformation in March.
Sector representatives are expected to clarify in Stablecoin guidance, storage rules for banks and basel adaptation processes under the supervision of the new vice president. After the official oath ceremony of Bowman, the Fed will expand the crypto money risk work and communicate more closely with the public.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
