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Change at the US Central Bank heats up pro-Bitcoin expectations in the Trump era
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The decision to Michael Barrvice president of banking supervision at the Federal Reserve (Fed), from resign from office before the end of their term in 2026 brought new perspectives for the cryptocurrency sector in the United States.
Barr announced his departure by February 28, or earlier if a successor is named. This change creates a milestone that could shape financial policy early in the Trump administration.
As chief banking regulator, Barr played a central role in shaping financial policy, especially in the cryptocurrency sector. He adopted a rigorous approach in relation to the regulation of stablecoins and limited banks in offering custody services Bitcoin and other digital assets.
Senator Tim Scott criticized Barr for his role during the 2023 bank failures, accusing him of “failing in his duty.” Additionally, Barr supported a bill that would restrict stablecoins to federal issuers and advocated that the Fed have more supervisory power over this market.
Barr’s departure aligns with the Trump administration’s plans to overhaul regulatory policy, signaling a possible easing of regulations on crypto assets. Michelle Bowmangovernor of the Fed and a voice critical of stricter banking regulations, emerges as the main candidate for the position vacated by Barr.
Bowman has already declared, during the Blockchain Summitwhich believes in a collaborative approach with the crypto industry.
The Federal Reserve reported that does not plan to implement significant changes until Barr’s replacement. This gives the Trump administration time to appoint someone aligned with your goals. This movement paves the way for an agenda potentially more favorable to crypto industryboosting the hopes of investors and Bitcoin supporters.
With Barr’s resignation, the Trump administration could reshape the Fed’s role in relation to the cryptocurrency market. These changes create expectations of positive regulatory changes and greater openness to financial innovation in the United States.
Change at the US Central Bank heats up pro-Bitcoin expectations in the Trump era
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Change at the US Central Bank heats up pro-Bitcoin expectations in the Trump era
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Change at the US Central Bank heats up pro-Bitcoin expectations in the Trump era
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Change at the US Central Bank heats up pro-Bitcoin expectations in the Trump era
