Michael Barr Steps Down from Fed Vice Chair Role, Sparking Crypto World’s Anticipation of Policy Shifts
Michael Barr, the Federal Reserve’s Vice Chair for Supervision, has announced his resignation, effective February 28, 2025.
This decision, made over a year before his term was set to expire in mid-2026, marks a significant shift in U.S. financial regulation. Barr will remain a member of the Federal Reserve Board of Governors.
His resignation comes amidst speculation about potential legal challenges with the incoming Trump administration. Reports suggest that Trump’s advisers considered removing Barr from his supervisory role, which could have led to legal disputes and raised questions about the Fed’s independence. In his statement, Barr cited the need to avoid distractions as the reason for his early departure, stating, “The…
