Fed Governor Bowman: Ensuring the Banking System's Capability to Support Digital Asset-Related Activities

Odaily 讯 The Block reporter Sarah Wynn posted on platform X, stating that Federal Reserve Governor Bowman testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. It is reported that the Federal Reserve is advancing the GENIUS project and plans to "clarify the approach to digital asset handling, ensuring the banking system's capability to support digital asset-related activities." Bowman emphasized: "As a regulator, my responsibility is to encourage innovation in a responsible manner while continuously enhancing supervisory capabilities to address potential safety and soundness risks that innovation may bring."