PANews reported on February 11 that according to Fox Business reporter Eleanor Terrett, Republican Federal Reserve Board members Michelle Bowman and Christopher Waller showed a more open attitude towards the crypto industry in their speeches on February 7, marking a change in the Fed's attitude towards digital asset regulation.

• Bowman stressed that regulation should promote financial innovation, not curb it, and warned that over-emphasis on risk control could hinder long-term innovation in the banking system. She noted that the Fed's regulatory policies should not restrict compliant customers and businesses from accessing banking services.

• Waller believes that stablecoins can expand the global influence of the US dollar and supports promoting the development of this field under a “good regulatory framework.”

This change of position is worth noting, especially as the Trump administration may appoint one of them as the Fed's vice chairman of supervision, a position that will be responsible for overseeing the interaction between the banking system and the crypto industry. Previously, the two voted against Custodia Bank joining the Federal Reserve system, but today's remarks indicate that the Fed may take a more friendly regulatory attitude towards cryptocurrencies in the future.