The new era in the Fed: Michelle Bowman was approved as the Vice President of the Audit - Lummis, said victory for crypto
Michelle Bowman was the new audit of the FED. Senator Lummis, known for his crypto -friendly stance, described this appointment as a turning point for digital beings.
The US Senate officially approved the michelle Bowman, a member of the Board of Directors of the Federal Reserve (FED), as the vice president of the Central Bank as the highest level of audit, which is the highest level of audit.
The vote in the Senate resulted in 46 against 48, while the appointment was interpreted as a positive political and regulatory development in the crypto market.
Bowman was nominated by President Trump in March 2025. Bowman, who has been working on the FED Board of Directors since 2018, attracted attention with its regulatory approaches in recent years.
🗣️ Senator Cynthia Lummis made the following statement at the social media platform X after the assignment:
“I was very pleased that the Senate approved Miki Bowman as the Vice President of the FED Audit. This step is a turning point for digital assets. Miki’s commitment to data -based regulation rather than political interests will strengthen the US financial system.”
📌 Why is it important for crypto?
Although Bowman did not speak the crypto directly, he said in his previous statements that the US’s current regulatory system became “overcoming and contradictory .. This view coincides with the points that crypto defenders have criticized for a long time.
💬 Crypto Council for Innovation (CCI) also supports the appointment of Bowman:
“Bowman showed a balanced understanding that draws attention to the potential benefits and difficulties of digital assets in his speeches and dialogues.”
Tim Scott, President of the Senate Banking Committee, commented:
“Vice President of the Audit is a key position for the security and economic welfare of our banking system. After the bad administration in the previous period, it was important to fill this task with the right person.”
🔹 Background
Michelle Bowman has been working as a FED Guvernore since 2018.
At the beginning of 2025, Donald was nominated by Trump for this position.
It has a line that is not directly against the crypto but advocates simplification.
It is supported by web3 defenders as if CCI and Senator Lummis.
