Fed Governor Chris Waller Supports Digital Asset Innovations at SALT Conference
Federal Reserve Governor Chris Waller stated there is "nothing scary" about digital asset innovations during a speech at the SALT conference in Jackson Hole. Key points include:
- Waller emphasized the potential of smart contracts, tokenization, and distributed ledgers in building new payment services.
- He criticized the vilification of certain technologies tied to digital assets, questioning why they are perceived negatively.
- The Fed is exploring how to tokenize assets and utilize smart contracts and distributed ledgers, though it may not adopt these methods as a central bank.
- This statement follows remarks from Fed Vice Chair Michelle Bowman, who advocated for better treatment of the crypto industry by banks and regulators.