{"id":43457,"date":"2025-08-21T19:01:34","date_gmt":"2025-08-21T19:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43457"},"modified":"2025-08-21T19:01:34","modified_gmt":"2025-08-21T19:01:34","slug":"crypto-can-coexist-with-banks-federal-reserve-governor-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43457","title":{"rendered":"Crypto Can Coexist With Banks, Federal Reserve Governor Says"},"content":{"rendered":"
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US Federal Reserve Governor Christopher Waller told an audience in Wyoming that crypto<\/a> transactions should not be treated as something foreign or alarming.<\/p>\n

Speaking at the Wyoming Blockchain Symposium 2025<\/a> on Wednesday, Waller said payments made through decentralized finance operate under the same principles as traditional banking transactions.<\/p>\n

Fed Eases Its Stance On Crypto<\/h2>\n

Waller urged policymakers and private banks to work more closely on payment infrastructure that includes digital assets. He explained that tools like smart contracts, tokenization<\/a>, and distributed ledgers are simply new ways of recording and processing transactions.<\/p>\n

His comments come after a series of changes inside the Fed. In April, the central bank withdrew 2022 guidance that discouraged banks from engaging in crypto and stablecoin activities.<\/p>\n

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Christopher Waller Member of the Federal Reserve Board of Governors of the United States says that distributed ledger is a technology. According to him the Fed is looking how they can use smart contracts in the payment system in the United States. The signal is super strong that\u2026 pic.twitter.com\/Jm9XKHe0jc<\/a><\/p>\n

\u2014 Sergii Gerasymovych (@SergiiGera) August 20, 2025<\/a><\/p>\n<\/blockquote>\n

Last week, it also ended its \u201cnovel activities supervision program,\u201d which had been monitoring crypto-related activity with extra scrutiny. Fed Vice Chair for Supervision Michelle Bowman went even further, saying staff should be allowed to hold small amounts of crypto to better understand the technology they regulate.<\/p>\n

Waller, who is being mentioned as a possible successor to Jerome Powell when his term as chair ends in May 2026, could see his influence grow.<\/p>\n

Reports have said US President Donald Trump has pressured Powell to resign, adding weight to speculation about Waller\u2019s role in shaping the Fed\u2019s future position on digital assets.<\/p>\n

<\/p>\n

Comparing Crypto To Everyday Purchases<\/h2>\n

In his speech, Waller drew a comparison between paying for groceries with a debit card and using stablecoins<\/a> to buy tokens in the crypto space. He described both as transactions that follow the same logic\u2014using money to purchase something, confirming it through a system, and recording it on a ledger.<\/p>\n

\u201cI can go to the grocery store and buy an apple with a debit card,\u201d Waller said. \u201cIn the same way, I can use a stablecoin to purchase a meme coin, and the process is no different when you look at the mechanics behind it.\u201d<\/p>\n

By simplifying the idea, Waller sought to reduce fear that still lingers in the banking industry over crypto payments and highlight how the technology mirrors what consumers already do every day.<\/p>\n

Stablecoins Seen As Key To Dollar\u2019s Global Role<\/p>\n

Waller also welcomed the recent passage of the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act)<\/a>, calling it an important move for wider adoption.<\/p>\n

He suggested that stablecoins could strengthen the dollar\u2019s global standing, especially in countries facing high inflation or limited access to physical dollars.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US Federal Reserve Governor Christopher Waller told an audience in Wyoming that crypto transactions should not be treated as something foreign or alarming. Speaking at the Wyoming Blockchain Symposium 2025 on Wednesday, Waller said payments made through decentralized finance operate under the same principles as traditional banking transactions. Fed Eases Its Stance On Crypto Waller […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43457","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43457"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43457\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}