Fed Governor Waller praises stablecoins as a genuine innovation that makes th...
The total market capitalization of stablecoins increased five-fold in the past year alone. In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not needed.Top Stablecoins by Market Capitalization | Source: Treasury Report on Stablecoins (Nov. 2021)Despite the positive....
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US Federal Reserve Governor Christopher Waller told an audience in Wyoming that crypto transactions should not be treated as something foreign or alarming. Related Reading: Yuan-Pegged Stablecoins On The Horizon As Beijing Rethinks Policy Speaking at the Wyoming Blockchain Symposium 2025 on Wednesday, Waller said payments made through decentralized finance operate under the same principles […]
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks should be able to issue stablecoins, not all stablecoin issuers need to be banks. Fed’s Waller Disagrees That Stablecoins Need to Be Regulated With Full Banking Regulation Federal Reserve Board Governor Christopher Waller talked about stablecoin regulation Wednesday during a virtual....
Everything’s looking bright and rosy for the crypto’s future with good news from the Fed and New York. The Fed’s governor talked about the potential of stablecoins in retail. But he added it might take some work to increase its adoption. New York could also relax its crypto regulations if its senator’s proposed bill passes. This could put the state in a much more competitive position against other financial centers like London, Shanghai, Tokyo, and New York. Of course, scammers are also lurking in the background to spoil the fun for everyone as crypto scams are on the....
We may see another interest rate cut this year, says Fed Governor Christopher Waller. The Fed made three rate cuts in 2024, the first being an aggressive 50 bp (basis point) cut in September, a 25 bp cut in November, and another 25 bp cut in December. However, Waller admits these cuts didn’t have the […]
Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a central bank digital currency (CBDC). “It’s just a checking account at the Fed,” said the governor. Federal Reserve Chairman Jerome Powell recently said that the central bank has not decided whether to issue a digital dollar. Fed Governor Skeptical of CBDCs Federal Reserve Governor Christopher Waller shared his view on central bank digital currencies (CBDCs) Tuesday during the Money 20/20 conference in Las Vegas. Commenting on the Federal Reserve issuing a digital dollar, he was....