Bowman Breaks the Mold: Fed Supervisor Urges Hands-On Crypto, Signals Post-GENIUS Act Shift
🔑 Key Takeaways Fed Vice Chair for Supervision Michelle Bowman urged regulators to drop an “overly cautious mindset” toward crypto, blockchain, and AI , shifting to curiosity-driven oversight. Bowman floated allowing Fed staff to hold de minimis amounts of crypto to build real product literacy—controversial but potentially transformative for supervisory quality. The remarks land just after the GENIUS Act established the first U.S. federal framework for payment stablecoins, accelerating policy momentum but igniting new debates on risks and scope. 🗞 Main Story At the Wyoming Blockchain Symposium on August 19, 2025 , Federal Reserve Vice Chair for Supervision Michelle Bowman delivered one of the most forward-leaning speeches from a top U.S. bank regulator on digital assets. She argued that supervisors’ “excessively cautious mindset” has constrained innovation and called for an approach that actively engages with crypto and AI rather than reflexively re...