The U.S. Senate has officially confirmed Federal Reserve Governor Michelle Bowman as the Vice Chair for Supervision, a key role overseeing banking regulation at the central bank.
The confirmation came through a 48–46 vote on Wednesday, solidifying a critical win for the digital asset industry.
Bowman, first nominated by President Donald Trump in March, has served on the Federal Reserve Board since 2018. Her new position grants her direct influence over how the central bank approaches the regulation of banks, financial institutions, and emerging technologies—including cryptocurrencies.
Lummis: A Turning Point for Crypto Oversight
Senator Cynthia Lummis, a prominent pro-crypto voice in Congress, praised Bowman’s confirmation as a step toward a more balanced regulatory stance on digital assets.
“Her confirmation represents a turning point for digital assets and brings much-needed balance and accountability to Fed banking supervision,” Lummis said in a statement on X.
Lummis also emphasized Bowman’s commitment to evidence-based regulation, a departure from politically motivated policy shifts that have frustrated crypto advocates in recent years.
Implications for U.S. Crypto Regulation
As Vice Chair for Supervision, Bowman will play a central role in shaping banking policies around custody of digital assets, crypto-linked financial products, and institutional involvement in blockchain technology.
Industry leaders see her appointment as a sign that the Federal Reserve may take a more constructive approach to digital finance, especially amid ongoing legislative efforts to define clear rules for crypto in the U.S.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/michelle-bowman-confirmed-as-fed-vice-chair-boosting-digital-asset-outlook/