#Fed Confirms Bowman as Vice Chair for Supervision in #Pro-Crypto Win


Federal Reserve Governor Michelle Bowman secured Senate confirmation as Vice Chair for Supervision in a 48-46 vote.


Senator #CynthiaLummis called the confirmation a victory that "signals a brighter future for digital assets."


Bowman has served as a Fed governor since 2018 and received President #Trump's nomination for the supervisory role in March.


During April testimony, she criticized the U.S. regulatory framework as "overly complicated and redundant" with conflicting requirements.


The Crypto Council for Innovation praised Bowman's understanding of the #blockchain and digital asset landscape.


Senator Tim Scott emphasized the importance of restoring accountability at the Federal Reserve following challenges from the previous administration.


Bowman's confirmation brings what supporters call "evidence-based regulation" over political considerations to Fed banking supervision.

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June 05, 2025 at 11:19 AM
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