The post Michelle Bowman Signals Fed’s Openness to Crypto appeared on BitcoinEthereumNews.com. Federal Reserve Governor Michelle Bowman warned that banks risk irrelevance if they resist blockchain, artificial intelligence, and crypto adoption. She said regulators are now building a digital asset framework to expand banking access and remove outdated supervisory barriers. Michelle Bowman Warns Against “Overly Cautious Approach” to Crypto Innovation In her official remarks at the Wyoming Blockchain Symposium, Michelle Bowman said regulators should allow innovation to flourish in ways that strengthen financial services. She stressed that bank regulators are already taking important steps to create a framework for digital assets and the adoption of blockchain within the banking system. She said these steps will expand access to banking services and remove supervisory obstacles that have hindered relationships between banks and innovators. Bowman added that she is encouraged by technology’s ability to solve problems and improve financial efficiency. Bowman warned that an overly cautious approach could leave banks sidelined as consumers and businesses adopt faster, cheaper, and more efficient alternatives. She said the Federal Reserve is committed to shifting its culture toward openness, emphasizing that outdated frameworks should not block new products and services. Another part of her message was on the growing importance of tokenization. Michelle Bowman said tokenized assets could transform ownership transfers, reduce costs, and increase access to capital markets. She added that the banks, even the community ones, would benefit from near real-time transactions achieved through tokenization. Bowman also pointed out the role of stablecoins after the GENIUS Act was passed. She indicated that stablecoins could help expand payment systems available to banks. According to Bowman, regulators must ensure that rules governing stablecoins are clear, fair, and tailored to actual risks. Bowman Calls for Balanced AI Oversight and Announces End to “Reputational Risk” Penalties Michelle Bowman also called for a balanced approach toward AI oversight. Artificial intelligence was… The post Michelle Bowman Signals Fed’s Openness to Crypto appeared on BitcoinEthereumNews.com. Federal Reserve Governor Michelle Bowman warned that banks risk irrelevance if they resist blockchain, artificial intelligence, and crypto adoption. She said regulators are now building a digital asset framework to expand banking access and remove outdated supervisory barriers. Michelle Bowman Warns Against “Overly Cautious Approach” to Crypto Innovation In her official remarks at the Wyoming Blockchain Symposium, Michelle Bowman said regulators should allow innovation to flourish in ways that strengthen financial services. She stressed that bank regulators are already taking important steps to create a framework for digital assets and the adoption of blockchain within the banking system. She said these steps will expand access to banking services and remove supervisory obstacles that have hindered relationships between banks and innovators. Bowman added that she is encouraged by technology’s ability to solve problems and improve financial efficiency. Bowman warned that an overly cautious approach could leave banks sidelined as consumers and businesses adopt faster, cheaper, and more efficient alternatives. She said the Federal Reserve is committed to shifting its culture toward openness, emphasizing that outdated frameworks should not block new products and services. Another part of her message was on the growing importance of tokenization. Michelle Bowman said tokenized assets could transform ownership transfers, reduce costs, and increase access to capital markets. She added that the banks, even the community ones, would benefit from near real-time transactions achieved through tokenization. Bowman also pointed out the role of stablecoins after the GENIUS Act was passed. She indicated that stablecoins could help expand payment systems available to banks. According to Bowman, regulators must ensure that rules governing stablecoins are clear, fair, and tailored to actual risks. Bowman Calls for Balanced AI Oversight and Announces End to “Reputational Risk” Penalties Michelle Bowman also called for a balanced approach toward AI oversight. Artificial intelligence was…